The unadjusted trial balance for Culver Corporation is shown below. CULVER CORPORATION Trial Balance October 31,...
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The unadjusted trial balance for Culver Corporation is shown below. CULVER CORPORATION Trial Balance October 31, 2022 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense 3. 4. 5. 2. Oct. 31 Debit $15,940 3. Oct. 31 3,270 690 4,810 500 4,000 920 $30,130 Credit $4,810 2,790 1,840 11,490 0 Assume the following adjustment data. 1. Supplies on hand at October 31 total $540. 2. Expired insurance for the month is $115. Depreciation for the month is $95. As of October 31, services worth $830 related to the previously recorded unearned revenue had been performed. Services performed but unbilled (and no receivable has been recorded) at October 31 are $230. 6. Interest expense accrued at October 31 is $75. 7. Accrued salaries at October 31 are $1,530. Prepare the adjusting entries for the items above. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indente No. Date Account Titles and Explanation Credit 1. Oct. 31 9,200 $30,130 Debit 3. 5. 6. 7. Oct. 31 Oct. 31 Oct. 31 Oct. 31 Oct. 31 The unadjusted trial balance for Culver Corporation is shown below. CULVER CORPORATION Trial Balance October 31, 2022 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense 3. 4. 5. 2. Oct. 31 Debit $15,940 3. Oct. 31 3,270 690 4,810 500 4,000 920 $30,130 Credit $4,810 2,790 1,840 11,490 0 Assume the following adjustment data. 1. Supplies on hand at October 31 total $540. 2. Expired insurance for the month is $115. Depreciation for the month is $95. As of October 31, services worth $830 related to the previously recorded unearned revenue had been performed. Services performed but unbilled (and no receivable has been recorded) at October 31 are $230. 6. Interest expense accrued at October 31 is $75. 7. Accrued salaries at October 31 are $1,530. Prepare the adjusting entries for the items above. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indente No. Date Account Titles and Explanation Credit 1. Oct. 31 9,200 $30,130 Debit 3. 5. 6. 7. Oct. 31 Oct. 31 Oct. 31 Oct. 31 Oct. 31
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No Date Accounts title and explanation Debit Credit 1 Oct31 Su... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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