The unadjusted trial balance for All Mopped Up Company, a cleaning service, is as follows:

During the 12 months ended December 31, 2018, All Mopped Up:
a. used office supplies of $1,700.
b. used prepaid insurance of $580.
c. depreciated equipment, $500.
d. accrued salaries expense of $310 that hasn't been paid yet.
e. earned $400 of unearned revenue.
Requirements
1. Open a T-account for each account using the unadjusted balances.
2. Journalize the adjusting entries using the letter and December 31 date in the date column.
3. Post the adjustments to the T-accounts, entering each adjustment by letter. Show each account's adjusted balance.

Transcribed Image Text:

ALL MOPPED UP COMPANY Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit $ 800 Cash Office Supplies 2,000 Prepaid Insurance 600 30,000 Equipment $ 2,000 Accumulated Depreciation-Equipment Accounts Payable 2,400 Salaries Payable Unearned Revenue 700 Common Stock 15,300 Dividends 5,000 25,000 Service Revenue Salaries Expense 7,000 Supplies Expense Depreciation Expense Equipment Insurance Expense Total $ 45,400 $ 45,400