The trial balance for Pioneer Advertising Agency Inc. is shown in Illustration 3-3, page.

In lieu of the adjusting entries shown in the text at October 31, assume the following adjustment data.
1. Supplies on hand at October 31 total $800.
2. Expired insurance for the month is $100.
3. Depreciation for the month is $50.
4. Unearned service revenue recognized in October totals $600.
5. Services provided but not recorded at October 31 are $300.
6. Interest accrued at October 31 is $70.
7. Accrued salaries at October 31 are $1,200.

Instructions
Prepare the adjusting entries for the itemsabove.

Transcribed Image Text:

Pioneer Advertising Agency In. Trial Balance October 31, 2014 Debit Credit Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Uncarned Service Revenue Common Stock Retained Earnings Dividends Service Revenuc Salaries and Wages Expense Rent Expense $15,200 2,500 600 5,000 5,000 2,500 1,200 10,000 500 10,000 4,000 900 $28,700 $28,700