Chirp Hearing is owned by Christina Howell and provides hearing aids and other auditory services. At...

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Chirp Hearing is owned by Christina Howell and provides hearing aids and other auditory services. At the end of August 2022, the company had the following adjustments. Aug 31 Interest on the bank loan is set at 9%; one month of interest has accrued. Aug 31 The balance of prepaid insurance is for the remaining 9 months of the insurance policy; one month of insurance has been used. Aug 31 The equipment was purchased three months prior at the beginning of the month and will have a useful life of 7 years, after which it will have residual value of $1,330. Depreciation is recorded every month. Record depreciation for August Aug 31 Chirp Hearing completed $600 of work that was previously unearned. Aug 31 Auditory services were provided in the month for $800 and the customer will pay next month. Required Using the following trial balance, complete the adjustments and the adjusted trial balance in the worksheet. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Account Cash Chirp Hearing Worksheet August 31, 2022 Unadjusted Trial Balance) DR CR 4,600 Adjustments DR CR Adjusted Trial Balance DR CR Account Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Interest Payable Unearned Revenue Bank Loan Howell, Capital Howell, Withdrawals Service Revenue Depreciation Expense Insurance Expense Interest Expense Unadjusted Trial Balance DR CR 4,600 1,860 1,980 21,490 1,100 480 1,600 2,500 7,000 15,650 8,300 Adjustments DR CR Adjusted Trial Balance CR DR eridan AME ENGAGE™ SERVICE REVENGE 0,000 Depreciation Expense Insurance Expense Interest Expense Rent Expense Salaries Expense Total 1,900 2,600 35,530 35,530 ameengage.com English (en) Chirp Hearing is owned by Christina Howell and provides hearing aids and other auditory services. At the end of August 2022, the company had the following adjustments. Aug 31 Interest on the bank loan is set at 9%; one month of interest has accrued. Aug 31 The balance of prepaid insurance is for the remaining 9 months of the insurance policy; one month of insurance has been used. Aug 31 The equipment was purchased three months prior at the beginning of the month and will have a useful life of 7 years, after which it will have residual value of $1,330. Depreciation is recorded every month. Record depreciation for August Aug 31 Chirp Hearing completed $600 of work that was previously unearned. Aug 31 Auditory services were provided in the month for $800 and the customer will pay next month. Required Using the following trial balance, complete the adjustments and the adjusted trial balance in the worksheet. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Account Cash Chirp Hearing Worksheet August 31, 2022 Unadjusted Trial Balance) DR CR 4,600 Adjustments DR CR Adjusted Trial Balance DR CR Account Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Interest Payable Unearned Revenue Bank Loan Howell, Capital Howell, Withdrawals Service Revenue Depreciation Expense Insurance Expense Interest Expense Unadjusted Trial Balance DR CR 4,600 1,860 1,980 21,490 1,100 480 1,600 2,500 7,000 15,650 8,300 Adjustments DR CR Adjusted Trial Balance CR DR eridan AME ENGAGE™ SERVICE REVENGE 0,000 Depreciation Expense Insurance Expense Interest Expense Rent Expense Salaries Expense Total 1,900 2,600 35,530 35,530 ameengage.com English (en)

Answer rating: 100% (QA)

1 Accounts Receivable 800 of auditory services were provided but customer will pay next month So rec... View the full answer