The schedule below presents the trial balance for Prima Consultants Corporation on December 31, 2010. The following information is also available:

a. Ending inventory of office supplies, $97. 

b. Prepaid rent expired, $500. 

c. Depreciation of office equipment for the period, $720. 

d. Interest accrued on the note payable, $600. 

e. Salaries accrued at the end of the period, $230. 

f. Service revenue still unearned at the end of the period, $1,410. 

g. Service revenue earned but not billed, $915. 

h. Estimated federal income taxes for the period, $2,780. 

Required 

1. Open T accounts for the accounts in the trial balance plus the following: Interest Payable; Salaries Payable; Income Taxes Payable; Office Supplies Expense; Depreciation Expense–Office Equipment; Interest Expense; and Income Taxes Expense. Enter the account balances. 

2. Determine the adjusting entries and post them directly to the T accounts. 

3. Prepare an adjusted trial balance. 

4. What financial statements do each of the above adjustments affect? What financial statement is not affected by the adjustments?

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Prima Consultants Corporation Trial Balance December 31, 2010 $ 13,786 Cash Accounts Receivable 24,840 Office Supplies Prepaid Rent Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable Notes Payable Unearned Service Revenue 991 1,400 7,300 $ 2,600 1,820 10,000 2,860 11,000 19,387 Common Stock Retained Earnings Dividends 15,000 Service Revenue 58,500 Salaries Expense Utilities Expense Rent Expense 33,400 1,750 7,700 $106,167 $106,167