The adjusted trial balance of University Book Store as of November 30, 2013, after the firm's first month of operations, appears on the next page.
Appropriate adjustments have been made for the following items:
a. Supplies used during the month, $4,800.
b. Expired rent for the month. $ 6,000.
c. Depreciation expense for the month, $ 1,400.
INSTRUCTIONS
1. Record the Adjusted Trial Balance in the Adjusted Trial Balance columns of the worksheet.
2. Prepare the adjusting entries in the Adjustments columns.
3. Complete the Trial Balance columns of the worksheet prior to making the adjusting entries.
Analyze:
What was the balance of Prepaid Rent prior to the adjusting entry for expired rent?

Transcribed Image Text:

University Book Store Adjusted Trial Balance November 30, 2013 Account Name Debit Credit 45,150 6,624 7,200 36,000 54,000 Cash Accounts Receivable Supplies Prepaid Rent quipment Accumulated Depreciation Equipment Accounts Payable Julie Acker, Capital Julie Acker, Drawing Fees Income Depreciation Expense-Equipment Rent Expense Salaries Expense Supplies Expense Utilities Expense Totals 1,400 16,000 81,674 6,000 84.000 1,400 6,000 15,000 4,800 900 183,074 183,074