The unadjusted trial balance for First Class Maids Company a
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.
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.
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