Question

This problem continues the Davis Consulting situation from Problem P2-43. You will need to use the unadjusted trial balance and posted T-accounts that you prepared in Problem P2- 43. The unadjusted trial balance at December 31, 2014 is duplicated below:


At December 31, the business gathers the following information for the adjusting entries:
a. Accrued service revenue, $ 550.
b. Earned $ 700 of the service revenue collected in advance on December 21.
c. Office supplies on hand, $ 200.
d. Depreciation on equipment, $ 30; Depreciation on furniture, $ 70.
e. Accrued $ 685 expense for administrative assistant’s salary.

Requirements
1. Journalize and post the adjusting entries using the T-accounts that you completed in Problem P2- 43. In the T-accounts, denote each adjusting amount as Adj. and an account balance as Balance.
2. Prepare an adjusted trial balance as of December 31,2014.


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  • CreatedJanuary 16, 2015
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