The unadjusted trial balance for First Class Maids Company, a cleaning service, is as follows:

During the 12 months ended December 31, 2016, First Class Maids:
a. Used office supplies of $1,900.
b. Used prepaid insurance of $560.
c. Depreciated equipment, $510.
d. Accrued salaries expense of $250 that hasn€™t been paid yet.
e. Earned $420 of unearned revenue.
Requirements
1. Open a T-account for each account using the unadjusted balances.
2. Journalize the adjusting entries using the letter and December 31 date in the date column.
3. Post the adjustments to the T-accounts, entering each adjustment by letter. Show each account€™s adjusted balance.

Transcribed Image Text:

FIRST CLASS MAIDS COMPANY Unadjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit $ 1,200 as Office Supplies Prepaid Insurance Equipment Accumulated Depreciation- Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Supplies Expense Depreciation Expense Equipment Insurance Expense Total 3,000 700 20,000 S 6,000 2,200 600 8,100 3,000 17,000 6,000 S 33,900 S 33,900