First Class Maids Company, the cleaning service, started the preparation of its adjusted trial balance as follows:

During the 12 months ended December 31, 2012, First Class Maids
a. used supplies of $1,800.
b. used up prepaid insurance of $620.
c. used up $460 of the equipment through depreciation.
d. accrued salary expense of $310 that First Class Maids hasn€™t paid yet.
e. earned $360 of the unearned service revenue.
Requirement
1. Prepare an adjusted trial balance. Use Exhibit 3-8 as a guide. Key each adjustment by letter.
Note: Exercise 3-20 should be used only in conjunction with Exercise3-19.

Transcribed Image Text:

FIRST CLASS MAIDS COMPANY Preparation of Adjusted Trial Balance December 31, 2012 Trial Balance Debit Credit Account 700 24 Cash 3,000 Supplies Prepaid insurance Equipment Accumulated depreciation Accounts payable Salary payable Unearned service revenue 800 29,000 $ 7,000 2,800 500 Common stock 5,100 Retained carnings 2,100 3,000 Dividends Service revenue 25,000 Salary expense Supplies expense Depreciation expense 6,000 Insurance expense $42,500 $42,500 Total