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Tuna Safe is owned by Mark MacInnis and provides environmental solutions to the environmental industry. At the end of January 2019, they had the following
Tuna Safe is owned by Mark MacInnis and provides environmental solutions to the environmental industry. At the end of January 2019, they had the following adjustments.
Jan 31 | Interest of $650 had accrued on the bank loan. |
Jan 31 | The balance of prepaid insurance is for a 5-month policy, one month of insurance has been used. |
Jan 31 | During January, Tuna Safe earned $780 of unearned revenue. |
Jan 31 | The computers were purchased on January 1, 2019 and have an expected useful life of five years, after which they will have no residual value. Record depreciation for January |
Required
Using the following trial balance, complete the adjustments and the adjusted trial balance in the worksheet.
Do not enter dollar signs or commas in the input boxes.
Tuna Safe Worksheet January 31, 2019 | ||||||
Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | ||||
Account | DR | CR | DR | CR | DR | CR |
Cash | 3,700 | Answer | Answer | Answer | Answer | |
Accounts Receivable | 2,340 | Answer | Answer | Answer | Answer | |
Prepaid Insurance | 7,500 | Answer | Answer | Answer | Answer | |
Computers | 13,800 | Answer | Answer | Answer | Answer | |
Accumulated Depreciation-Computers | Answer | Answer | Answer | Answer | ||
Accounts Payable | 1,400 | Answer | Answer | Answer | Answer | |
Interest Payable | Answer | Answer | Answer | Answer | ||
Unearned Revenue | 5,300 | Answer | Answer | Answer | Answer | |
Bank Loan | 3,610 | Answer | Answer | Answer | Answer | |
MacInnis, Capital | 15,560 | Answer | Answer | Answer | Answer | |
MacInnis, Withdrawals | 1,750 | Answer | Answer | Answer | Answer | |
Service Revenue | 4,990 | Answer | Answer | Answer | Answer | |
Depreciation Expense | Answer | Answer | Answer | Answer | ||
Insurance Expense | Answer | Answer | Answer | Answer | ||
Interest Expense | Answer | Answer | Answer | Answer | ||
Rent Expense | 1,470 | Answer | Answer | Answer | Answer | |
Telephone Expense | 300 | Answer | Answer | Answer | Answer | |
Total | 30,860 | 30,860 | Answer | Answer | Answer | Answer |
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