Wally World is a small amusement center for toddlers and has completed all of its journal entries for the month of May $2022,$ and posted them to the general ledger. An unadjusted trial balance has been prepared. The following adjustments must be made.

May $31$ The amount of prepaid rent is for $3$ months; one month has been used.

May $31$ Depreciation for the month on equipment was $$220.$

May $31$ Unearned revenue from a previous booking of $$640$ has now been earned.

May $31$ Accrued and unpaid wages at the end of the month amounted ot $$900.$

Required

a$)$ Using the following unadjusted trial balance, complete the adjustments and the adjusted trial balance in the worksheet.

Do not enter dollar signs or commas in the input boxes.

Select the proper order for the headings of the worksheet.

Answer

Answer

Answer

Unadjusted Trial Balance Adjustments Adjusted Trial Balance

Account DR CR DR CR DR CR

Cash $5,010$ Answer Answer Answer Answer

Accounts Receivable $1,380$ Answer Answer Answer Answer

Prepaid Rent $4,200$ Answer Answer Answer Answer

Equipment $9,990$ Answer Answer Answer Answer

Accumulated Depreciation Answer Answer Answer Answer

Accounts Payable $3,660$ Answer Answer Answer Answer

Unearned Revenue $2,630$ Answer Answer Answer Answer

Salaries Payable Answer Answer Answer Answer

Roberts, Capital $9,340$ Answer Answer Answer Answer

Roberts, Withdrawals $1,170$ Answer Answer Answer Answer

Service Revenue $8,170$ Answer Answer Answer Answer

Depreciation Expense $660$ Answer Answer Answer Answer

Insurance Expense $360$ Answer Answer Answer Answer

Salaries Expense $1,030$ Answer Answer Answer Answer

Rent Expense Answer Answer Answer Answer

Total $23,80023,800$ Answer Answer Answer Answer

b$)$ Prepare the journal entries for the above transactions.

Date Account Title and Explanation Debit Credit

$2022$

May $31$ Answer Answer

Answer Answer

Expense one month of rent

May $31$ Answer Answer

Answer Answer

Depreciate Equipment

May $31$ Answer Answer

Answer Answer

Earned revenue

May $31$ Answer Answer

Answer Answer

To accrue salaries