Consider the unadjusted trial balance of Riverdale Company at June 30, 2016, and the relatedmonth-end adjustment data.Riverdale CompanyTrial Balance30-Jun-16BalanceDebitCredit6,9001,1003,5001,10077,000CashAccounts receivablePrepaid rentSuppliesMotor VehicleAccumulated depreciationAccounts payableSalary payableRiverdale, capitalRiverdale, drawingService revenueSalary expenseRent expenseFuel expenseDepreciation expenseSupplies expense3,4003,30080,0004,4009,6001,50080096,30096,300田 Adjustment data at June 30 follow:1. Accrued service revenue at June 30, $1,5002. $700 of the prepaid rent expired during the month.3. Supplies on hand at June 30, $7004. Depreciation on motor vehicle for the month, $1,400.5. Accrued salary expense at June 30, $300Requirement:1. From the information presented, prepare the adjusting entries for items 1-5 above and thenprepare the company's adjusted trial balance as at June 30, 20162. Prepare the income statement for the year ended June 30, 20163. Prepare the owner's equity statement for June 30, 20164. Prepare the balance sheet as at June 30,2016

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Consider the unadjusted trial balance of Riverdale Company at June 30, 2016, and the related month-end adjustment data. Riverdale Company Trial Balance 30-Jun-16 Balance Debit Credit 6,900 1,100 3,500 1,100 77,000 Cash Accounts receivable Prepaid rent Supplies Motor Vehicle Accumulated depreciation Accounts payable Salary payable Riverdale, capital Riverdale, drawing Service revenue 3,400 3,300 80,000 4,400 9,600 Salary expense Rent expense Fuel expense Depreciation expense Supplies expense 1,500 800 96,300 96,300

Consider the unadjusted trial balance of Riverdale Company at June 30, 2016, and the related month-end adjustment data. Riverdale Company Trial Balance 30-Jun-16 Balance Debit Credit 6,900 1,100 3,500 1,100 77,000 Cash Accounts receivable Prepaid rent Supplies Motor Vehicle Accumulated depreciation Accounts payable Salary payable Riverdale, capital Riverdale, drawing Service revenue 3,400 3,300 80,000 4,400 9,600 Salary expense Rent expense Fuel expense Depreciation expense Supplies expense 1,500 800 96,300 96,300

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 13EB: Prepare an adjusted trial balance from the following account information, considering the adjustment...

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