Question: This problem continues the Crystal Clear Cleaning situation from Chapter 2. Start from the unadjusted trial balance that Crystal Clear Cleaning prepared at November 30,

This problem continues the Crystal Clear Cleaning situation from Chapter 2. Start from the unadjusted trial balance that Crystal Clear Cleaning prepared at November 30, 2018:

CRYSTAL CLEAR CLEANING Unadjusted Trial Balance November 30, 2018 Balance Debit Credit Account Title Cash $51,650 Accoun

Consider the following adjustment data:
a. Cleaning supplies on hand at the end of November were $50.
b. One month's combined depreciation on all depreciable assets was estimated to be $150.
c. One month's interest expense is $59.
Requirements
1. Using the data provided from the trial balance, the previous adjustment information, and the information from Chapter 2, prepare all required adjusting journal entries at November 30.
2. Prepare an adjusted trial balance as of November 30 for Crystal Clear Cleaning.

CRYSTAL CLEAR CLEANING Unadjusted Trial Balance November 30, 2018 Balance Debit Credit Account Title Cash $51,650 Accounts Receivable 4,000 Cleaning Supplies 320 Prepaid Rent 4,000 Prepaid Insurance 4,800 Equipment 5,400 Truck 3,000 $ 1,245 Accounts Payable Unearned Revenue 15,000 Notes Payable 36,000 Common Stock 18,000 Dividends 1,400 5,100 Service Revenue Salaries Expense 400 Advertising Expense 200 Utilities Expense 175 Total $75,345 $75,345

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Requirement 1 Date Accounts and Explanation Debit Credit Nov 30 Supplies Expense 270 Cleaning Supplies 270 To record supplies used Nov 30 Depreciation ... View full answer

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