The unadjusted trial balance of Stone Environmental Services at October 31, 2017, is shown below:

The data needed for the month-end adjustments are as follows:
a. Unearned consulting revenue that still had not been earned at October 31, $22,050.
b. Rent still prepaid at October 31, $6,000.
c. Supplies used during the month, $3,465.
d. Amortization on furniture for the month, $11,125.
e. Amortization on building for the month, $1,600.
f. Accrued salary expense at October 31, $4,395.
Required
1. Open ledgers for the accounts listed in the trial balance, inserting their October 31 unadjusted balances. Also open the Income Summary account (account #340). Date the balances of the following accounts October 1: Prepaid Rent, Supplies, Furniture, Accumulated Amortization-Furniture, Building, Accumulated Amortization- Building, Unearned Consulting Revenue, and K. Stone, Capital.
2. Write the trial balance on a worksheet and complete the worksheet of Stone Environmental Services for the month ended October 31, 2017.
3. Using the worksheet data, journalize and post the adjusting and closing entries, including explanations. Use dates and posting references. Use Page 12 as the number of the journal page.

Transcribed Image Text:

STONE ENVIRONMENTAL SERVICES Unadjusted Trial Balance October 31,2017 $32,050 63,895 9,900 3,780 140,735 110 Cash 120 Accounts receivable 130 Prepaid rent 140 Supplies 150 Furniture 151 Accumulated amortization-furniture 160 Building 161 Accumulated amortization-building 180 Land 210 Accounts payable 220 Salary payable 230 Unearned consulting revenue 300 K. Stone, capital 330 K. Stone, withdrawals 400 Consulting revenue 510 Salary expense 520 Rent expense 530 Utilities expense 540 Amortization ex 550 Amortization expense- building 570 Supplies expense Total $ 25,300 307,350 49,450 76,000 32,805 0 23,850 476,205 17,550 56,520 8,280 4,590 ure $664,130 $664,130