The trial balance of Kaplan Printing at December 31, 2014, appears below. The data needed for the month-end adjustments follow the trial balance.

Adjustment data:
a. Unearned printing revenue still remaining to be earned at December 31, $800.
b. Prepaid rent still available at December 31, $2,000.
c. Supplies used during the month, $450.
d. Amortization for the month, $660.
e. Accrued miscellaneous expense at December 31, $200. (Credit Accounts Payable.)
f. Accrued salaries expense at December 31, $1,975.
Required
1. Open T-accounts for the accounts listed in the trial balance, inserting their December 31 unadjusted balances.
2. Journalize the adjusting entries on December 31, and post them to the T-accounts. Identify the journal entries and posted amounts by their letter.
3. Prepare the adjusted trial balance.
4. How will the company use the adjusted trial balance?

Transcribed Image Text:

KAPLAN PRINTING Unadjusted Trial Balance December 31, 2014 Cash $5,400 Accounts receivable 18,600 Prepaid rent 4,500 Supplies 1,200 19,200 Furniture and equipment $ 5,760 Accumulated amortization-furniture and equipment Accounts payable 3,400 Salaries payable Unearned printing revenue 2,400 S. Kaplan, capital S. Kaplan, withdrawals 23,140 6,000 Printing revenue 36,500 Salaries expense 12,500 Rent expense Amortization expense-furniture and equipment Advertising expense 3,600 Supplies expense Miscellaneous expense 200 Total $71,200 $71,200