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The unadjusted trial balance for Photo Sense as December 31 is provided on the trial balance tab. Information for adjustments is as follows: a.
The unadjusted trial balance for Photo Sense as December 31 is provided on the trial balance tab. Information for adjustments is as follows: a. As of December 31, employees had earned $1,900 of unpaid and unrecorded salaries. The next payday is January 4, at which time $2,375 of salaries will be paid. b. The cost of supplies still available at December 31 is $2,000. e. The notes payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31 is $1,075. The next interest payment, at an amount of $1,290, is due on January 15. d. Analysis of the unearned member fees account shows $2,400 remaining unearned at December 31. b. In addition to the member fees Included in the revenue account balance, the company has earned another $12,800 in unrecorded fees that will be collected on January 31. The company is also expected to collect $13,000 on that same day for new fees earned in January. f. Depreciation expense for the year is $23,600.
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