Unadjusted Trial Balance Adjusting journal entries Adjusted Trial Balance

1 . Supplies used during the period were $200.

Cash 11,000 2 . Insurance premiums expired during the period were Cash 11,000

Accounts Receivable 18,000 $1,200.00 Accounts Receivable 27,000

Prepaid Insurance 2,400 3 . Depreciation of building during the period is $18,000. Prepaid Insurance 1,200

Supplies 1,000 4 . Wages accrued at the end of the period are $1,000. Supplies 800

Land 210,000 5 . Depreciation of equipment during the period is $4,000. Land 210,000

Building 120,000 6 . Unbilled fees at the end of the period are $9,000. Building 120,000

Accumulated 7 . Of the unearned fees previously received in advance, $5,000 of Accumulated

Depreciation-building 65,000 services were provided during the period. Depreciation-building 83,000

Equipment 72,000 Equipment 72,000

Accumulated Debit Credit Accumulated

depreciation-equip 32,500 1 Supplies (expense) 200 depreciation-equip 36,500

Accounts Payable 32,000 Supplies (asset) 200 Accounts Payable 32,000

Wages Payable 0 Wages Payable 1,000

Unearned revenue 21,700 2 Insurance Exp 1,200 Unearned revenue 16,700

Notes Payable 49,000 Prepaid insurance 1,200 Notes Payable 49,000

Capital 110,000 Capital 110,000

Drawing 2,000 3 Depreciation - Building 18,000 Drawing 2,000

Service fees earned 127,000 Accumulated Depreciation 18,000 Service fees earned 141,000

Rent earned 25,200 Rent earned 25,200

Supplies (e) 200 4 Wages 1,000 Supplies (e) 400

Insurance 1,200 Wages Payable 1,000 Insurance 2,400

Wages 3,500 Wages 4,500

Telephone 1,000 5 Depreciation -Equipment 4,000 Telephone 1,000

Depreciation 20,000 Accumulated Depreciation 4,000 Depreciation 42,000

Miscellaneous 100 Miscellaneous 100

TOTALS 462,400 462,400 6 A/R 9,000 TOTALS 494,400 494,400

Service Fees 9,000

7 Unearned Revenue 5,000

Service Fees 5,000

Use the attached information to prepare adjusting journal entries, an adjusted trial balance, income statement, statement of owner's equity, balance sheet and closing journal entries.