The trial balance of Kaplan Printing at December 31, 2017, 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, 2017 S 5,400 18,600 4,500 1,200 19,200 Cash Accounts receivable Prepaid rent Supplies Furniture and equipment Accumulated amortization-furniture and equipment Accounts payable Salaries payable Unearned printing revenue S. Kaplan, capital S. Kaplan, withdrawals Printing revenue Salaries expense Rent expense Amortization ex Advertising expense Supplies expense Miscellaneous expense Total $5,760 3,400 2,400 23,140 6,000 36,500 12,500 iture and equipment 3,600 200 $71,200 $71,200