Acctg 1A HW chap 3 Example Co was just started in Dec and this is the unadjusted Trial Balance Example Company Number 3 Adjust the Trial Balance Trial Balance Dec 31, 2020 Number 1 Put the Trial Balance into T accounts Debit Credit Cash $ 18,000 Accounts Receivable $ 8,000 Prepaid Insurance $ 12,000 Supplies $ 6,000 Buildings $ 50,000 Accounts Payable $ 7,000 Mortgage payable $ 30,000 Unearned Rent Revenue $ 14,000 Common stock $ 25,000 Retained earnings $ 10,000 Rent revenue $ 20,000 Salary Expense $ 8,000 Rent Expense $ 3,000 Utilities Expense $ 1,000 Totals $ 106,000 $ 106,000 Number 2 Make the following ADJUSTMENT JOURNALS and add to the T accounts 1 A count of supplies shows we have $3,000 remaining. Adjust the Supplies account 2 Depreciation on the building for the month is $500. Record the depreciation for Dec. 3 The mortage payable is a loan 6%/yr. Record Dec. Interest 4 We can recognize 7,000 of the unearned rent Revenue this month. Make the journal. 5 the Prepaid insurance of 12,000 is for 6 months. Record one month adjustment Account Debit Credit 1 2 3 4 5