Accounting Cycle Tutorial . Step 7: Prepare the Adjusted Trial Balance 0.00 2 Prepare the Adjusted Trial Balance Activity 2.a - Prepare the Adjusted Trial Balance Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance. Transactions Dec. issued common stock for $22,100 cash Explanation Debit Credit Balance 21.000 43100 Received cash in advance for service to Paid rent in advance Billed clients for $13.900 of work performed Received payment of 1500 in advance for work to be performed Paid rent in advance of $10,900 to cover December through March rent Bought furniture, paying $3.000 cash and S4 900 notes payable Received 54 900 from accounts receivable Incurred salaries expense of $19.500 to be paid at a future date Paid 5660 toward the Accounts Payable Made an adjustment for revenue of 58,500 that was prepaid and had been earned Adjusted for rent expired during December Adjusted for depreciation on furniture, Collected on accounts rece Paid on accounts payable Paid sales payal Accounts Receivable Ret Debit Balance Credit Paid salaries payable and incurred another $19.500 of sales expense to be paid next month. Post the salaries 11000 Deca v 31 Paid 530 in Dwidends. Please review your answer and try again. PUST lhe transactions to the ledger in Transactions Dec. 1 Date Issued common stock for $22,100 cash. Billed clients for $13,900 of work performed. Received payment of $8,500 in advance for work to be performed. Paid rent in advance of $10,000 to cover December through March rent. Bought furniture, paying $3,000 cash and $4,900 notes payable. Received $4,900 from accounts receivable. Incurred salaries expense of $19,500 to be paid at a future date. Paid 5660 toward their Accounts Payable. Made an adjustment for revenue of $8,500 that was prepaid and had been earned. Adjusted for rent expired during December Adjusted for depreciation on furniture, $190. Paid salaries payable and incurred another $19,500 of salaries expense to be paid next month. Post the salaries paid first. Date HA Deda 31 Paid $3,800 in Dividends. Please review justed Trial Balance 0.00 nce ance er in chronological order and complete the Adjusted Trial Balance. Cash Debe Explanation 21 000 Iones Accounts Receivable De O Please review your answer and try again. DOLL e ce lance alance ger in chronological order and complete the Adjusted Trial Balance. Balance Bled dients for work performed Dec 13 Collected on accounts receivable Prepaid Rent Date Explanation Debie Balance Paid rent in advance Dec 31 Adjusting Entryrent expire Furniture Explanation Balance Accumulated Depreciation - Furniture Crede Explanation Please review your answer and try again DELL Balance cial Balance ledger in chronological order and complete the Adjusted Trial Balance. Depreciation Expense - Furniture Explanation Balance Adjusting Ent Rent Expense Explanation Oro Balance Adjusting Enory-rent exp Salaries Expense een Explanation ture, Please review your answer and try again. DOLL e CA