The unadjusted trial balance of Pigeon Delivery at December 31, 2020, appears below. The data needed for
Question:
The unadjusted trial balance of Pigeon Delivery at December 31, 2020, 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: 9780135359709
11th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood