Chapter 3: E3, E11, and P3 P 3. The trial balance for Prima Consultants Company on December 31, 2010, appears below. The following information is also available: a. Ending inventory of office supplies, $97 b. Prepaid rent expired, $500 c. Depreciation of office equipment for the period, $720 d. Interest accrued on the note payable, $600 e. Salaries accrued at the end of the period, $230 f. Service revenue still unearned at the end of the period, $1,410 g. Service revenue earned but not billed, $915 Required 1. Open T accounts for the accounts in the trial balance plus the following: Interest Payable; Salaries Payable; Office Supplies Expense; Depreciation Expense Office Equipment; and Interest Expense. Enter the account balances. 2. Determine the adjusting entries and post them directly to the T accounts. 3. Prepare an adjusted trial balance. 4. Which financial statements do each of the above adjustments affect? What financial statement is not affected by the adjustments? LO3 LO4 Prima Consultants Company Trial Balance December 31, 2010 Cash $ 13,786 Accounts Receivable 24,840 Offi ce Supplies 991 Prepaid Rent 1,400 Offi ce Equipment 7,300 Accumulated DepreciationOffi ce Equipment $ 2,600 Accounts Payable 1,820 Notes Payable 10,000 Unearned Service Revenue 2,860 M. Sirot, Capital 30,387 M. Sirot, Withdrawals 15,000 Service Revenue 58,500 Salaries Expense 33,400 Utilities Expense 1,750 Rent Expense 7,700 $106,167 $106,167