Based on the following information, prepare the adjusting journal entries for Bella's Beauty Salon. Bella s
Question:
Based on the following information, prepare the adjusting journal entries for Bella's Beauty Salon. Bellas Beauty Salon's unadjusted trial balance for the current year follows:
BELLAS BEAUTY SALON
Trial Balance
December
Cash
$
Prepaid insurance
Supplies
Equipment
Accumulated depreciation Equipment
$
Land
Unearned rent
Common stock
Retained earnings
Fees earned
Rent revenue
Wages expense
Utilities expense
Totals
$
$
Additional information:
a An insurance policy examination showed $ of expired insurance
b A physical count showed $ of unused supplies still available
c Depreciation expense on equipment, $
d $ of the Unearned Rent account balance was earned by yearend.
e The one employee, a receptionist, works a fiveday workweek at $ per day. The employee was paid last week but has worked four days this week for which she has not been paid.
Debit Credit