The Foremost Janitorial Service is owned by Ron Hudson. After six months of operations, the September 30, 20xx trial balance for the company was prepared.

The balance of the Share Capital account reflects investments made by Ron Hudson. The following information is also available:

a. Cleaning supplies of 234 are available

b. Prepaid Insurance represents the cost of a one-year policy purchased on April 1.

c. Prepaid Rent represents a 200 payment made on April 1 towards the last month's rent of a threeyear lease plus 200 rent per month for each of the past six months.

d. The cleaning equipment and trucks are depreciated at the rate of 20 per cent per year ( 10 per cent for each six-month period).

e. The unearned revenue represents a six-month payment in advance made by a customer on August 1 .

f. During the last week of September, Ron completed the first stage of work on a project that will not be billed until the contract is completed. The price of this stage is 800 .
g. On Saturday, October 3, Ron will owe his employees 1,080 for one six-day workweek.
h. Income taxes for the six months are estimated to be 1,500 REQUIRED 1. Open \(T\) accounts for the accounts in the trial balance plus: Fees Receivable; Accumulated Depreciation, Cleaning Equipment; Accumulated Depreciation, Truck; Wages Payable; Income Taxes Payable; Rent Expense; Insurance Expense; Cleaning Supplies Expense; Depreciation Expense, Cleaning Equipment; Depreciation Expense, Truck; and Income Taxes Expense.
2. Determine the adjusting entries and post them directly to the \(T\) accounts.
3. Prepare an adjusted trial balance, an income statement, and a balance sheet.
LO 5 Determining Adjusting LO 6 Entries and Tracing Their Effects to Financial Statements

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Foremost Janitorial Service Trial Balance September 30, 20xx Cash Accounts Receivable Prepaid Insurance 4,524 3,828 760 Prepaid Rent 1,400 Cleaning Supplies 2,792 Cleaning Equipment 3,480 Truck 7,200 Accounts Payable 340 Unearned Janitorial Fees 960 Share Capital 14,190 Dividends 1,000 Janitorial Fees 14,974 Wages Expense 4,800 Gas, Oil, and Other Truck Expenses 680 30,464 30,464