Unadjusted Trial Balance

July 31, 20__

Cash ........................................................................ 9,218

Accounts Receivable ............................................... 7,277

Supplies ................................................................... 2,750

Prepaid Rent ........................................................... 8,712

Tools & Equipment .................................................. 21,829

Accumulated Depreciation ...................................... 1,535.

Accounts Payable .................................................... 7,117.

Capital Stock ........................................................... 5,000

Retained Earnings .................................................. ` 32,417.

Dividends .................................................................. 3,234

Service Fees ........................................................... 28,699.

Salary Expense ....................................................... 15,929

Miscellaneous Expense .......................................... 5,819.

The data needed to determine end-of-month adjustments are as follows:

(a)Salaries accrued but not paid at the end of the month amount to $2,000.

(b)The $8,712 debit in the prepaid rent account is the payment of one year’s

rent on July 1.

(c)The supplies on hand as of July 31 cost $1,000.

(d)Depreciation of the tools and equipment for July is estimated at $400.

(e)Unrecorded fees for service rendered in July but collected in August amount

to $2,100.

Instructions:

(1)Journalize the adjusting entries. Add additional accounts as needed.

(2)Determine the balances of the accounts affected by the adjusting entries

and prepare an adjusted trial balance. .