Question

The unadjusted trial balance for First Class Maids Company, a cleaning service, is as follows:
During the 12 months ended December 31, 2016, First Class Maids:
a. Used office supplies of $1,900.
b. Used prepaid insurance of $560.
c. Depreciated equipment, $510.
d. Accrued salaries expense of $250 that hasn’t been paid yet.
e. Earned $420 of unearned revenue.
Requirements
1. Open a T-account for each account using the unadjusted balances.
2. Journalize the adjusting entries using the letter and December 31 date in the date column.
3. Post the adjustments to the T-accounts, entering each adjustment by letter. Show each account’s adjusted balance.


$1.99
Sales1
Views109
Comments0
  • CreatedJune 12, 2015
  • Files Included
Post your question
5000