Question: The unadjusted trial balance for First Class Maids Company the

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.
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  • CreatedJanuary 16, 2015
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