The unadjusted trial balance of Pigeon Delivery at December 31, 2023, appears below. The data needed for
Question:
The unadjusted trial balance of Pigeon Delivery at December 31, 2023, appears below. The data needed for the month-end adjustments follow the trial balance.
Adjustment data at December 31:
a. Prepaid rent still available at December 31, $4,400.
b. Supplies used during the month, $1,800.
c. Amortization on trucks for the month, $670.
d. Accrued salaries expense at December 31, $950.
e. Unearned delivery revenue still remaining to be earned at December 31, $2,500.
Required
1. Open T-accounts for the accounts listed in the unadjusted trial balance, inserting their December 31 balances.
2. Journalize the adjusting entries
3. Post the adjusting entries to the T-accounts. Identify the posted amounts by their letter. Show the ending balance of each account.
4. Prepare the adjusted trial balance. Report expenses in alphabetical order.
Step by Step Answer:
Horngrens Accounting Volume 1
ISBN: 9780136889373
12th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura