The trial balance of Wellwood Realty at December 31, 2017, appears below. The data needed for the month-end adjustments follow the trial balance.

Adjustment data at December 31:
a. Prepaid rent still available at December 31, $4,400.
b. Supplies used during the month, $1,800.
c. Amortization on furniture for the month, $670.
d. Accrued salaries expense at December 31, $950.
e. Unearned commission revenue still remaining to be earned at December 31, $2,500.
Required
1. Open T-accounts for the accounts listed in the trial balance, inserting their December 31 unadjusted balances.
2. Journalize the adjusting entries and post them to the T-accounts. Key the journal entries and the posted amounts by letter. Show the ending balance of each account.
3. Prepare the adjusted trial balance.
4. How will the company use the adjusted trial balance?

Transcribed Image Text:

WELLWOOD REALTY Unadjusted Trial Balance December 31,2017 Cash Accounts receivable Prepaid rent Supplies Furniture Accumulated amortization-furniture Accounts payable Salaries payable Unearned commission revenue K. Wellwood, capital K. Wellwood, withdrawals Commission revenue Salaries expense Rent expense Amortization expense furniture Advertising expense Supplies expense Total $ 24,180 44,500 8,800 2,100 69,000 $34,500 5,800 6,400 75,180 12,000 48,000 7,200 0 0 2,100 0 $169,880 $169,880