Question

The trial balance for Pioneer Advertising is shown in Illustration. Instead of the adjusting entries shown in the textbook at October 31, assume the following adjustment data.
1. Supplies on hand at October 31 total $500.
2. Expired insurance for the month is $120.
3. Depreciation for the month is $50.
4. Services related to unearned service revenue in October worth $600 were performed.
5. Services performed but not recorded at October 31 are $360.
6. Interest accrued at October 31 is $95.
7. Accrued salaries at October 31 are $1,625.

Instructions
Prepare the adjusting entries for the items above.



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  • CreatedMarch 02, 2015
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