Rainbow Janitorial Services follows the approach of recording prepaid expenses as expenses and unearned revenues as revenues. Rainbow's unadjusted trial balance for the year ended October 31, 2014, follows.

Additional information:
a. On October 31, a physical count revealed cleaning supplies on hand of $6,150.

b. Annual depreciation on the equipment is $3,200.
c. It was determined that $6,900 of the balance in Office Cleaning Fees Earned had not yet been earned as of October 31.
d. A review of the Window Washing Fees Earned account showed that only $21,400 had been earned as of October 31.
e. $1,500 of the total recorded in the Advertising Expense account had not yet been used.
Required
Refer to Exhibit 3.22 and use the information provided to complete the columns above.

Transcribed Image Text:

Rainbow Janitorial Services Trial Balances October 31, 2014 Unadjusted Trial Balance Adjusted Trial Balance Adjustments Dr. Account Dr. Cr. Cr. Dr. Cr. 7 Cash 8 Accounts receivable 9 Prepaid advertising 10 Cleaning supplies s 3,500 7,200 29,000 12 Accumulated depreciation, equipment 13 Unearned window washing feer 14 Unearned office cleaning fees 15 William Nahanee, capital 16 Window washing fees earned 17 Office cleaning fees earned 18 Advertising expense 19 Salaries expense 20 Depreciation expense, equipment 21 Cleaning supplies expense 22 Totals s 3,200 9,150 23,800 71,500 2,900 56,900 8,150 107,650 S 107,650