Please enter the following information, taken at month-end, in the trial balance by entering the letter...
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Please enter the following information, taken at month-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. Zcom Inc. rents part of its building for a monthly fee of $1,000. The rent for the month just past has not been received. b. $1,700 of the television advertising paid for in advance has been used. c. The monthly depreciation on the building is $380. d. Furniture purchased at the start of the month for $9,000 is estimated to have a useful life of five years. After this time, the furniture will be sold for $1,500. e. Of the consulting fees Zcom Inc. received in advance, $3,500 has been earned. f. Unpaid and unrecorded salaries at month-end totalled $6,000. g. A review of the $17,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $13,400 at the end of the month. h. A review of the $4,100 unadjusted balance in the supplies account shows a balance on hand at the end of the month of $4,000. Zcom Inc. Trial Balance December 31, 2014 Unadjusted Trial Adjusted Trial Balance Adjustments Balance Account Dr. Cr. Dr. Cr. Dr. Cr. Accounts payable Accumulated depreciation, building Accumulated depreciation, furniture Advertising expense Building 450 4,000 7,900 7,700 39,300 Cash 64,760 Consulting revERUS Sarned Depreciation expense, building. Depreciation expense, furniture 14,500 0. Furniture 9 000 Insurance expense 6,000 Prepaid advertising Prepaid insurance 2,400 17.000 Rent earned 14.900 Rent receivable Retained earnings 360 Salaries expense Salaries payable 9,400 Share capital Supplies Supplies expense Unearned consulting revenue 116,000 4.100 6,600 8.600 Utilities expense 450 Totals 166,710 166,710 Please enter the following information, taken at month-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. Zcom Inc. rents part of its building for a monthly fee of $1,000. The rent for the month just past has not been received. b. $1,700 of the television advertising paid for in advance has been used. c. The monthly depreciation on the building is $380. d. Furniture purchased at the start of the month for $9,000 is estimated to have a useful life of five years. After this time, the furniture will be sold for $1,500. e. Of the consulting fees Zcom Inc. received in advance, $3,500 has been earned. f. Unpaid and unrecorded salaries at month-end totalled $6,000. g. A review of the $17,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $13,400 at the end of the month. h. A review of the $4,100 unadjusted balance in the supplies account shows a balance on hand at the end of the month of $4,000. Zcom Inc. Trial Balance December 31, 2014 Unadjusted Trial Adjusted Trial Balance Adjustments Balance Account Dr. Cr. Dr. Cr. Dr. Cr. Accounts payable Accumulated depreciation, building Accumulated depreciation, furniture Advertising expense Building 450 4,000 7,900 7,700 39,300 Cash 64,760 Consulting revERUS Sarned Depreciation expense, building. Depreciation expense, furniture 14,500 0. Furniture 9 000 Insurance expense 6,000 Prepaid advertising Prepaid insurance 2,400 17.000 Rent earned 14.900 Rent receivable Retained earnings 360 Salaries expense Salaries payable 9,400 Share capital Supplies Supplies expense Unearned consulting revenue 116,000 4.100 6,600 8.600 Utilities expense 450 Totals 166,710 166,710
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