Q1. From the following trial balance and the adjustment, data prepare the adjusted trial balance. Particulars Dr. ($) Cr. ($) Cash 7,700   Accounts receivables 19,200   Prepaid Rent 2,400   Supplies 1,300   Equipment 19,900   Accumulated depreciation   4,300 Accounts Payable   3,600 Salary Payable     Unearned service revenue   2,600 Common stock   17,000 Retained earnings   22,500 Dividends 9,500   Service revenue   15,400 Salary expense 3,500   Rent expense     Depreciation expense     Advertising expense 1,900   Supplies expense     Total 65,400 65,400   Adjustment data at December 31st is as follow: Unearned service revenue still unearned $ 1,100 Prepaid rent still in force $ 500 Depreciation for the month $ 900 Supplies used during the month $ 600 Salary outstanding $ 1,100 Advertisement expenses outstanding $ 900

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 1PA: Identify whether each of the following accounts would be considered a permanent account (yes/no) and...
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Q1. From the following trial balance and the adjustment, data prepare the adjusted trial balance.

Particulars

Dr. ($)

Cr. ($)

Cash

7,700

 

Accounts receivables

19,200

 

Prepaid Rent

2,400

 

Supplies

1,300

 

Equipment

19,900

 

Accumulated depreciation

 

4,300

Accounts Payable

 

3,600

Salary Payable

 

 

Unearned service revenue

 

2,600

Common stock

 

17,000

Retained earnings

 

22,500

Dividends

9,500

 

Service revenue

 

15,400

Salary expense

3,500

 

Rent expense

 

 

Depreciation expense

 

 

Advertising expense

1,900

 

Supplies expense

 

 

Total

65,400

65,400

 

Adjustment data at December 31st is as follow:

  1. Unearned service revenue still unearned $ 1,100
  2. Prepaid rent still in force $ 500
  3. Depreciation for the month $ 900
  4. Supplies used during the month $ 600
  5. Salary outstanding $ 1,100
  6. Advertisement expenses outstanding $ 900
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