The December 31, 2017, unadjusted trial balance for Tucker Photographers after the first month of operations is shown below:

Required
1. Enter the unadjusted trial balance onto a work sheet. 

2. Using the following additional information, enter the adjustments into the work sheet.
a. It was determined that $2,000 of the balance in the Prepaid Equipment Rental account had been used during December.
b. Depreciation on the automobile for the month of December was $610. 

c. Accrued utilities expense of $940 was unrecorded at December 31. 

d. $460 of the Unearned Revenue account had been earned by December 31.
3. Complete the work sheet. 

4. Calculate the balance in the capital account as it would appear on the December 31, 2017, balance sheet.

Transcribed Image Text:

Daimler Tours Unadjusted Trial Balance July 31, 2017 Unadjusted Trial Balance No. Account Dr. Cr. $ 9,100 101 Cash 106 Accounts receivable 18,700 16,000 111 Notes receivable, due Feb. 2018 128 Prepaid insurance 5,100 161 Furniture 6,750 $ 6,925 201 Accounts payable 230 Unearned tour revenue 12,430 301 Jan Rider, capital 60,975 302 Jan Rider, withdrawals -0- 403 Tour revenue 16,700 623 Wages expense 41,380 $ 97,030 $ 97,030 Totals