The unadjusted trial balance of Vale Ltd as at 31 December 2021: Vale Ltd Unadjusted Trial Balance as at 31 Dec 2021 Account Debit Credit $ $ Cash 78,250 Accounts receivable 150,180 Prepaid insurance 123,448 Supplies 100,199 Building 150,242 Accumulated depreciation 94,735 Accounts payable 177,218 Salary payable 120,542 Unearned service revenue 73,673 Beginning capital (1 Jan 2021) 775,709 Drawings 58,671 Service revenue 190,371
The unadjusted
|
Vale Ltd |
||
|
Unadjusted Trial Balance as at 31 Dec 2021 |
||
|
Account |
Debit |
Credit |
|
$ |
$ |
|
|
Cash |
78,250 |
|
|
|
150,180 |
|
|
Prepaid insurance |
123,448 |
|
|
Supplies |
100,199 |
|
|
Building |
150,242 |
|
|
|
|
94,735 |
|
Accounts payable |
|
177,218 |
|
Salary payable |
|
120,542 |
|
Unearned service revenue |
|
73,673 |
|
Beginning capital (1 Jan 2021) |
|
775,709 |
|
Drawings |
58,671 |
|
|
Service revenue |
|
190,371 |
|
Salary expense |
153,317 |
|
|
Insurance expense |
185,485 |
|
|
Depreciation expense |
197,963 |
|
|
Advertising expense |
84,379 |
|
|
Supplies expense |
150,114 |
|
|
Total |
$1,432,248 |
$1,432,248 |
Adjustment data as at 31 December follows:
- Prepaid insurance left unused is $100,000
- Supplies used during the month, $6,000
- Depreciation for the month, $9,000
- The unearned service revenue balance is to be $30,000 due to work done.
Required:
Journalise the
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