The unadjusted trial balance of Speedy Drone Delivery at December 31, 2023, appears below. The data needed for the month-end adjustments follow the trial balance.

Adjustment data:

a. Unearned delivery revenue still remaining to be earned at December 31, $800.

b. Prepaid rent still available at December 31, $2,000.

c. Supplies used during the month, $450.

d. Amortization on drones for the month, $660.

e. Accrued utilities expense at December 31, $200 (credit Accounts Payable).

f. Accrued salaries expense at December 31, $1,975.

Required

1. Open T-accounts for the accounts listed in the unadjusted trial balance, inserting their December 31 balances.

2. Journalize the adjusting entries on December 31.

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.

Transcribed Image Text:

Account Title Cash Accounts receivable Prepaid rent Supplies Drones SPEEDY DRONE DELIVERY Unadjusted Trial Balance December 31, 2023 Accumulated amortization-drones Accounts payable Salaries payable Unearned delivery revenue F. Musk, capital F. Musk, withdrawals Delivery revenue Salaries expense Rent expense Amortization expense-drones Advertising expense Supplies expense Utilities expense Total Debit $ 5,400 18,600 4,500 1,200 19,200 6,000 12,500 0 0 3,600 0 200 $71,200 Credit $ 5,760 3,400 0 2,400 23,140 36,500 $71,200