The unadjusted trial balance for Bramble Corp. is shown below. BRAMBLE CORP. Trial Balance October 31,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The unadjusted trial balance for Bramble Corp. is shown below. BRAMBLE CORP. Trial Balance October 31, 2017 Debit Credit Cash $15,540 Supplies 2,570 Prepaid Insurance 690 Equipment 4,690 Notes Payable $4,690 Accounts Payable 2,760 Unearned Service Revenue 1,410 Common Stock 10,200 Retained Earnings Dividends 580 Service Revenue 13,120 Salaries and Wages Expense 4,000 Rent Expense 4,110 $32,180 $32,180 Assume the following adjustment data. 1. Supplies on hand at October 31 total $560. 2. Expired insurance for the month is $115. 3. Depreciation for the month is $55. 4. As of October 31, services worth $870 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $300. 6. Interest expense accrued at October 31 is $80. 7. Accrued salaries at October 31 are $1,610. Prepare the adjusting entries for the items above, (If no entry is required, select "No Entry" for the account titles and en for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manua Debit Credit No. Date Account Titles and Explanation 1. Oct. 31 2. Oct. 31 3. Oct. 31 Oct. 31 Oct. 31 6. Oct. 31 7. Oct. 31 eTextbook and Media Tet of Accounts 4. 5. The unadjusted trial balance for Bramble Corp. is shown below. BRAMBLE CORP. Trial Balance October 31, 2017 Debit Credit Cash $15,540 Supplies 2,570 Prepaid Insurance 690 Equipment 4,690 Notes Payable $4,690 Accounts Payable 2,760 Unearned Service Revenue 1,410 Common Stock 10,200 Retained Earnings Dividends 580 Service Revenue 13,120 Salaries and Wages Expense 4,000 Rent Expense 4,110 $32,180 $32,180 Assume the following adjustment data. 1. Supplies on hand at October 31 total $560. 2. Expired insurance for the month is $115. 3. Depreciation for the month is $55. 4. As of October 31, services worth $870 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $300. 6. Interest expense accrued at October 31 is $80. 7. Accrued salaries at October 31 are $1,610. Prepare the adjusting entries for the items above, (If no entry is required, select "No Entry" for the account titles and en for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manua Debit Credit No. Date Account Titles and Explanation 1. Oct. 31 2. Oct. 31 3. Oct. 31 Oct. 31 Oct. 31 6. Oct. 31 7. Oct. 31 eTextbook and Media Tet of Accounts 4. 5.
Expert Answer:
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these accounting questions
-
The unadjusted trial balance for Thomas Electronics Company follows: Requirements 1. Journalize the adjusting entries using the following data: a. Interest revenue accrued, $300. b. Salaries...
-
The unadjusted trial balance for Tuttle Electronics Company follows: Requirements 1. Journalize the adjusting entries using the following data: a. Interest revenue accrued, $550. b. Salaries...
-
The following information is from the unadjusted trial balance for Journey's Knd Company prepared at October 31, 2014, the end of the fiscal year: Rent and salaries expense are equally divided...
-
FinCorp Inc. is exploring different portfolio allocations between two stocks. Complete the following table. Case1 Case 2 Case 3 Case 4 Case 5 $ invested in stock 1 $ invested in stock 2 Total $...
-
Air is heated as it flows through a 6 in 6 in square duct with negligible friction. At the inlet, air is at T1 = 700 R, P1 = 80 psia, and V1 = 260 ft/s. Determine the rate at which heat must be...
-
The group D 2h has a C 2 axis perpendicular to the principal axis and a horizontal mirror plane. Show that the group must therefore have a centre of inversion.
-
Shown in the following table are several flow situations and the associated characteristic velocity, size, and fluid kinematic viscosity. Determine the Reynolds number for each of the flows and...
-
Thrillville has $41 million in bonds payable. One of the contractual agreements in the bond indenture is that the debt to equity ratio cannot exceed 2.0. Thrillvilles total assets are $81 million,...
-
A player kicks a soccer ball from the ground with a velocity 17 m/s at 35 from the horizontal. The ball strikes a vertical wall a distance 22 m from where the ball leaves the ground. Ignore the air...
-
Ellie has won a lottery. The lottery offers to payment plans. Ellie is trying to decide which one of two he should accept. Project 1 will pay $48,000 a year for 8 years. Project 2 will pay $52,000 a...
-
Gross Income Exclusions Harvey is the beneficiary of a $105,000 insurance policy on the life is his mother Leslie. To date, Leslie has paid premiums of $75,000. If Harvey elects to cancel the the...
-
Some companies use labor cost to apply factory overhead to jobs. Identify another factor (or base) a company might reasonably use to apply overhead costs.
-
Riffraff, launched by entrepreneur Kirsten Blowers Stuckey, sells clothing, jewelry, and gifts. Required Kirsten uses variable costing in her business decisions. If Riffraff used absorption costing,...
-
Suppose Limor Fried expands her business, Adafruit Industries, to make electric scooters. Limor must decide on the best sales mix. Assume the company has a capacity of 400 hours of processing time...
-
Do you think it is correct for the European Commission to restrict mergers between American companies that do business in Europe? (For example, the European Commission vetoed the proposed merger...
-
Indicate in which financial statement(s) each item would most likely appear: income statement (I), balance sheet (B), statement of retained earnings (E), or statement of cash flows (CF). a. Assets b....
-
Anna Richardson delivered her baby two-and-a-half months ago. She had a vaginal delivery with postpartum hemorrhage. She had been feeling fine until last week when she started feeling very tired. She...
-
What are multinational corporations (MNCs) and what economic roles do they play?
-
Organic, Inc. has collected the following data for November (there are no beginning inventories): Units produced and sold .........300 units Sales price ................ $ 275 per unit Direct...
-
Ben Norton issued $500,000 of 9%, 8-year bonds payable on January 1, 2016. The market interest rate at the date of issuance was 8%, and the bonds pay interest semiannually. Requirements 1. How much...
-
Journalize the following labor-related transactions for Portland Glass at its plant in Portland, Oregon. Assume that the labor has been incurred, but not yet paid. Plant janitors wages...... $ 650...
-
Form a small group. Concentrate on BSE Sensex companies and compile the voluntary disclosures made by each of them. Draft a crisp research paper highlighting your findings and use thereof to various...
-
Billy Ray Nibert was convicted of capital murder in the Circuit Court, Hillsborough County and he appealed. The Supreme Court of Florida affirmed the conviction, vacated the death sentence and...
-
Hassan Abu-Jihaad was convicted of disclosing national defense information and of providing material support to terrorist by a jury in the District Court of Connecticut. Abu-Jihaad moved for a...
Study smarter with the SolutionInn App