Ly Chapter 3 Lab - Required (Question 3) - Lyryx Learning Inc - Google Chrome lifa 1.lyryx.com/student-servlets/LabServlet?ccid=11119 x Question 3 [20 points] Please enter the following information, taken at year-end, in the trial balance by entering the letter (on the left) and amount (on the right) of each adjustment in the 'Adjustments' column, for the appropriate accounts. Then fill in the 'Adjusted Trial Balance' column with the balances of each account. a. The yearly depreciation on the equipment is $950. b. Of the rent paid to Segura Corporation in advance, $1,250 has been earned. c. A review of the $23,000 unadjusted balance in the prepaid rent account shows a remaining balance of $18,000 at the end of the year. d. Unrecorded and uncollected consulting fees at the end of the year were $10,000. e. $2,800 of property taxes have accrued and are unrecorded. f. Segura Corporation purchased a building in a previous year for $78,000 and plans to sell this building for $14,250 at the end of its ten- year useful life. g. Interest of $420 on notes receivable is unrecorded and unpaid. h. A review of the $13,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $8,500 at the end of the year. Segura Corporation Trial Balance December 31, 2014 Unadjusted Trial Balance Dr. Cr. Adjusted Trial Balance Dr. Cr. Adjustments Dr. Cr. Account 750 Unuujuu Dulce e prepaiu misurance account shows a remaining balance of $8,500 at the year. Adjusted Trial Balance Dr. Cr. Adjustments Dr. Cr. Account Accounts payable Accounts receivable Accumulated depreciation, building Accumulated depreciation, equipment Advertising expense Building Cash Consulting revenue earned Depreciation expense, building Depreciation expense, equipment Equipment Insurance expense Interest earned Segura Corporation Trial Balance December 31, 2014 Unadjusted Trial Balance Dr. Cr. 750 0 7,000 35,500 750 78,000 71,950 700 0 0 39,200 9,100 11,400 1C 61 Depreciation expense, equipment Equipment Insurance expense Interest earned Interest receivable Notes receivable Prepaid insurance Prepaid rent Property taxes expense Property taxes payable Rent earned Rent expense Retained earnings Share capital Unearned rent Totals 0 39,200 9,100 11,400 0 12,000 13,000 23,000 7,900 0 8,100 900 250 187.100 5,000 255,800 255,800 SUBMIT AND MARK Official Time: 22:56:34