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Tunstall, Incorporated, a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted
Tunstall, Incorporated, a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December :
tabletableTunstall IncorporatedUnadjusted Trial BalanceAt December Debit,CreditCashAccounts receivable,SuppliesPrepaid insurance,Service trucks,Accumulated depreciation,,other assets,Accounts payable,,Wages payable,,tableIncome taxes payableNotes payable years; interest due each SeptemberCommon stock shares outstandingAdditional paidin capital,,Retained earnings,,tabletableService revenueWages expensetableRemaining expenses not detailed; excludes income taxIncome tax expenseTotals
Data not yet recorded at December included:
a The supplies count on December reflected $ in remaining supplies on hand to be used in the next year.
b Insurance expired during the current year, $
c Depreciation expense for the current year, $
d Wages earned by employees not yet paid on December $
e Three months of interest expense for the note payable borrowed on October of the current year was incurred in the current year.
f Income tax expense, $
P Part
Required:
Prepare the adjusting entry needed at December
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
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