UNADJUSTED TRIAL BALANCE Account Title Balance Debit Credit Cash $18,000 a Unearned Revenue still unearned at December 31, $4,000. Accounts Receivable 20,000 b Prepaid Rent still in force at December 31, $3,000. Prepaid Rent Office Supplies Equipment 5,000 C Office Supplies used, $2,000. 3,000 d Depreciation, $500. 42,000 Accrued Salaries Expense at December 31, $900. Accumulated Depreciation-Equipment $6,500 Accounts Payable Salaries Payable 15,000 Unearned Revenue Common Stock Retained Earnings 12,000 30,000 10,000 Dividends 7,100 Complete: Service Revenue 27,100 1 Salaries Expense 5,500 2 Open the T-accounts using the balances in the unadjusted trial balance. Prepare the adjusting entries and post to the accounts. Rent Expense 3 Prepare an adjusted trial balance. Depreciation Expense-Equipment 4 Prepare the closing entries and post to the accounts. Supplies Expense 5 Calculate the current ratio for the company. Total $100,600 $100,600 Date Account Debit Credit ADJUSTED TRIAL BALANCE Account Title Balance Debit Credit Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Total $0 $0