The unadjusted trial balance for Tara Marie Legal Services on June 30, 2023 is shown below: Tara
Question:
The unadjusted trial balance for Tara Marie Legal Services on June 30, 2023 is shown below:
Tara Marie Legal Services
Unadjusted Trial Balance
June 30, 2023
Acct. # Account Titles Debit Credit
11 Cash $78,600
12 Accounts Receivable 13,300
13 Office Supplies 3,600
14 Prepaid Insurance 4,800
18 Office Equipment 18,000
19 Accumulated Depreciation-Office Equipment $ 3,500
22 Accounts Payable 10,400
24 Salaries Payable 0
27 Unearned Rent Revenue 15,000
31 Tara Marie, Capital 56,600
32 Tara Marie, Withdrawals 7,000
41 Legal Services Revenue 51,500
42 Rent Revenue 0
52 Salaries Expense 6,300
53 Rent Expense 5,400
54 Office Supplies Expense 0
55 Depreciation Expense 0
56 Insurance Expense 0
Total $137,000 $137,000
Other data:
(a) Office supplies on hand on June 30 total $800.
(b) Expired insurance for the month of June is $600.
(c) Depreciation on the office equipment for June is $500.
(d) Rent unearned at the end of June is $10,000.
(e) Accrued salaries at the end of June are $1,200.
(f) Legal Services Revenue earned, but unbilled at the end of June is $2,000.
Required:
(1) Prepare journal entries to record the above adjusting entries.
(2) Post the adjusting entries to the general ledger
(3) From the general ledger, prepare an adjusted trial balance. Remember to include a proper heading on the adjusted trial balance.
Expert Answer:
The question is complete Lets proceed 1 The Journal Entries are a Office Supplies Expense 2800 3600 ... View the full answer
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
