Problem 14-1: Complete Worksheet through Adjusted Trial Balance section.

Using the Worksheet for Samson Associates, enter the adjustments given here and prepare the Adjusted Trial Balance section of the Worksheet.

1. The note receivable from P. Mason carries 8% interest, payable quarterly. For March, accrued interest income totals $12. The note was signed on March 1.
2. An actual count on March 31 shows that $100 worth of office supplies remain in the stock room.
3. One year's insurance coverage was originally purchased for $1,200. No insurance expense has yet been entered for March.
4. Office equipment has depreciated by $60 in March.
5. Office furniture has depreciated by $100 in March.
6. G. Samson delivered $200 worth of services against unearned fee income of $1,000.
7. Samson Associates has accrued another $30 liability for interest expense in March.
8. Two days salary expense, at $50 per day, must be added to March salary expense although the expense will actually be paid in April.

Samson Associates Worksheet For the Month Ended March 31, XXX1
Acct. No.	Accounts	Trial Balance		Adjustments		Adjusted Trial Balance
		Debit	Credit	Debit	Credit	Debit	Credit
	Cash	45,000
	Account Receivable - Williams	2,500
	Notes Receivable - Mason	1,800
	Office Supplies	400
	Prepaid Insurance	800
	Office Equipment	3,600
	Accumulated Depreciation OE		300
	Office Furniture	6,000
	Accumulated Depreciation OF		1,200
	Account Payable - Stoner		1,250
	Notes Payable - Rogers		4,500
	Unearned Fee Income		1,000
	Accrued Interest Payable		30
	G. Samson, Capital		51,020
	G. Samson, Drawing	2,000
	Income from Fees		5,600
	Advertising Expense	200
	Maintenance Expense	125
	Rent Expense	400
	Salary Expense	1,000
	Telephone Expense	275
	Travel Expense	800
	Totals	64,900	64,900