Journalizing and posting adjustments to the T-accounts and preparing an adjusted trial balance The unadjusted trial...
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Journalizing and posting adjustments to the T-accounts and preparing an adjusted trial balance The unadjusted trial balance of Arlington Air Purification System at December 31, 2014, and the data needed for the adjustments follow. ARLINGTON AIR PURIFICATION SYSTEM Unadjusted Trial Balance December 31, 2014 Balance Account Title Debit Credit Cash $ 7,700 Accounts Receivable 19,200 Prepaid Rent 2,400 Office Supplies 1,300 Equipment 19,900 Accumulated Depreciation-Equipment $ 4,300 Accounts Payable 3,600 Salaries Payable Unearned Revenue 2,600 Arlington, Capital 39,500 Arlington, Withdrawals 9,500 Service Revenue 15,400 Salaries Expense 3,500 Rent Expense Depreciation Expense-Equipment Advertising Expense 1,900 Supplies Expense Total $ 65,400 $ 65,400 Adjustment data at December 31 follow: a. On December 15, Arlington contracted to perform services for a client receiving $2,600 in advance. Arlington recorded this receipt of cash as Unearned Revenue As of December 31, Arlington has completed $1,100 of the services. b. Arlington prepaid two months of rent on December 1. Journalizing and posting adjustments to the T-accounts and preparing an adjusted trial balance The unadjusted trial balance of Arlington Air Purification System at December 31, 2014, and the data needed for the adjustments follow. ARLINGTON AIR PURIFICATION SYSTEM Unadjusted Trial Balance December 31, 2014 Balance Account Title Debit Credit Cash $ 7,700 Accounts Receivable 19,200 Prepaid Rent 2,400 Office Supplies 1,300 Equipment 19,900 Accumulated Depreciation-Equipment $ 4,300 Accounts Payable 3,600 Salaries Payable Unearned Revenue 2,600 Arlington, Capital 39,500 Arlington, Withdrawals 9,500 Service Revenue 15,400 Salaries Expense 3,500 Rent Expense Depreciation Expense-Equipment Advertising Expense 1,900 Supplies Expense Total $ 65,400 $ 65,400 Adjustment data at December 31 follow: a. On December 15, Arlington contracted to perform services for a client receiving $2,600 in advance. Arlington recorded this receipt of cash as Unearned Revenue As of December 31, Arlington has completed $1,100 of the services. b. Arlington prepaid two months of rent on December 1.
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Journal entries for adjustment entries Since as on 31st ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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