The unadjusted trial balance for First Class Maids Company, the cleaning service, is as follows:

During the 12 months ended December 31, 2014, First Class Maids:
a. Used office supplies of $ 1,800.
b. Used prepaid insurance of $ 620.
c. Depreciated equipment, $ 460.
d. Accrued salaries expense of $ 310 that hasn’t been paid yet.
e. Earned $ 360 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 adjustedbalance.

Transcribed Image Text:

FIRST CLASS MAIDS COMPANY Unadjusted Tral Balance December 31, 2014 Balance Account Ttle Cash Office Supplies Prepaid Insurance Debit Credit s700 29,000 7,000 2,800 Accounts Payable Salaries Payable Unearned Revenue Common Stock 7,200 3,000 Service Revenue Salaries Expense Supplies Expense 25,000 6,000 Insurance Expense 42,500$42,500