The trial balance for Pioneer Advertising is shown in Illustration. Instead of the adjusting entries shown in
Question:
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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1 Oct 31 Supplies Expense 2000 Supplies 2500 500 2000 2 31 Insurance Expense 120 Prepaid In...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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