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Problem 4: Blum Services has the following unadjutad belances at yoarend. $12.900 2,000 1300 Cash Prepaid insurahon Office spples 10.500 Offion nquipment Aasumulated deprediation-elo nquipment Accounta payeble Salaries payable 3.500 2.900 4.500 Unsamed service reverie 11,750 Jackle Blum, capital Jackie Blum, whdwais 5,00 Service revanue 13.350 3,700 Salary epense Depreciaton expense Supplies epense Insurance expense The following Informalion is valable to use in making adjusting entries. Ofice supplies on hand are year-end -$250 a. b. Prepaid insurance expired during the year-$325 C. Uneamed service revenue at year-end - $2,500 d. Depreciation expense for the year-$1,800 Accrued salaries at year-end- $900 Instructions. I have entered the Trial Balance figures for you. Using the workaheet below. Enter the adjustments and complete he al balance. Bum Services Work Sheet December 31, 2020 Adjusted Tral Balance Credi Accounts Trial Balance Adjustments Debi Cred Debi 12.900 2.000 1300 10.500 Cred Debit Cosh Prepaid Ihsuranon Office Supples Office eguiement Accurnulated depreciaton Acceuns payabie Salaries payable Lheamed service revenue Jeckie Bum, capital Jackie Blum, withdrewals Service revenue Salaries espense Deprediaton expense Supplies expensse Insurance espense Totals 3.500 2.900 4.500 11750 5.600 13.350 3.700 36.000 36.000

Problem 4: Blum Services has the following unadjutad belances at yoarend. $12.900 2,000 1300 Cash Prepaid insurahon Office spples 10.500 Offion nquipment Aasumulated deprediation-elo nquipment Accounta payeble Salaries payable 3.500 2.900 4.500 Unsamed service reverie 11,750 Jackle Blum, capital Jackie Blum, whdwais 5,00 Service revanue 13.350 3,700 Salary epense Depreciaton expense Supplies epense Insurance expense The following Informalion is valable to use in making adjusting entries. Ofice supplies on hand are year-end -$250 a. b. Prepaid insurance expired during the year-$325 C. Uneamed service revenue at year-end - $2,500 d. Depreciation expense for the year-$1,800 Accrued salaries at year-end- $900 Instructions. I have entered the Trial Balance figures for you. Using the workaheet below. Enter the adjustments and complete he al balance. Bum Services Work Sheet December 31, 2020 Adjusted Tral Balance Credi Accounts Trial Balance Adjustments Debi Cred Debi 12.900 2.000 1300 10.500 Cred Debit Cosh Prepaid Ihsuranon Office Supples Office eguiement Accurnulated depreciaton Acceuns payabie Salaries payable Lheamed service revenue Jeckie Bum, capital Jackie Blum, withdrewals Service revenue Salaries espense Deprediaton expense Supplies expensse Insurance espense Totals 3.500 2.900 4.500 11750 5.600 13.350 3.700 36.000 36.000

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
Section: Chapter Questions
Problem 58APSA
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Problem 4: Blum Services han the following unadjustad belances at yoar-end. $12,900 Cash Prepaid insurahon Office supples Offion nquipment Aasumulated depreciation-olon equipment Accounts payable Salaries payable Unsamed service revenue Jackle Blum, cpilal Jackle Blum, withdrawals 2,000 1,300 10,500 3,500 2.900 4,500 11.750 5,600 13,350 Service revenue 3,700 Slary expense Depreciation experise Supplies expense Insurance expenne The following Information is avalable to use in making adjusting entries. Office supplies on hand are year-end - $250 Prepaid Insurance expired during the year - $325 Uneamed service revenue at year-end - $2,500 b. C. Depreciation expense for the year -$1,800 Accrued salaries at year-end - $900 Instructions, I have entered the Trial Balance figures for you. Using the workaheet balow. Enter the adjustments and complete the rial balance. d. Blum Services Work Sheet December 31, 2020 Adjusied Tral Balance Credit Accounts Trial Balance Adjustment Debi 12.900 2.000 1300 10.500 Credi Debit Cred Debi Cash Prepaid hsurance Office Supplies Ofce equipmment Accurnulated depreciaton Accounts payable Salaries payabie Uhearned service revenue Jackie Bum, capital Jackie Blum, ithdrewals 3,500 2.900 4.500 11.750 5.000 Service revenue 13,350 Salaries expense Deptediaton expense Supplies expense Insuranoe expense 3.700 Totals 36,000 36.000
Transcribed Image Text:Problem 4: Blum Services han the following unadjustad belances at yoar-end. $12,900 Cash Prepaid insurahon Office supples Offion nquipment Aasumulated depreciation-olon equipment Accounts payable Salaries payable Unsamed service revenue Jackle Blum, cpilal Jackle Blum, withdrawals 2,000 1,300 10,500 3,500 2.900 4,500 11.750 5,600 13,350 Service revenue 3,700 Slary expense Depreciation experise Supplies expense Insurance expenne The following Information is avalable to use in making adjusting entries. Office supplies on hand are year-end - $250 Prepaid Insurance expired during the year - $325 Uneamed service revenue at year-end - $2,500 b. C. Depreciation expense for the year -$1,800 Accrued salaries at year-end - $900 Instructions, I have entered the Trial Balance figures for you. Using the workaheet balow. Enter the adjustments and complete the rial balance. d. Blum Services Work Sheet December 31, 2020 Adjusied Tral Balance Credit Accounts Trial Balance Adjustment Debi 12.900 2.000 1300 10.500 Credi Debit Cred Debi Cash Prepaid hsurance Office Supplies Ofce equipmment Accurnulated depreciaton Accounts payable Salaries payabie Uhearned service revenue Jackie Bum, capital Jackie Blum, ithdrewals 3,500 2.900 4.500 11.750 5.000 Service revenue 13,350 Salaries expense Deptediaton expense Supplies expense Insuranoe expense 3.700 Totals 36,000 36.000
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