Question: This problem continues the Crystal Clear Cleaning situation from Problem P2-42 of Chapter 2. Start from the unadjusted trial balance that Crystal Clear Cleaning prepared

This problem continues the Crystal Clear Cleaning situation from Problem P2-42 of Chapter 2. Start from the unadjusted trial balance that Crystal Clear Cleaning prepared at November 30, 2017:
This problem continues the Crystal Clear Cleaning situation from Problem

Consider the following adjustment data:
a. Cleaning supplies on hand at the end of November were $30.
b. One month€™s combined depreciation on all depreciable assets was estimated to be $270.
c. One month€™s interest expense is $240.
Requirements
1. Using the data provided from the trial balance, the previous adjustment information, and the information from Chapter 2 (P2-42), 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, 2017 Balance Debit Account Title Cash Accounts Receivable Cleaning Supplies Prepaid Rent Prepaid Insurance Equipment Truck Accounts Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense Total Credit $138,150 2,600 220 2,000 1,800 3,200 7,000 $ 1,470 12,000 96,000 42,000 200 4,800 350 500 250 $156,270 $156,270

Step by Step Solution

3.27 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Requirement 1 Date Accounts and Explanation Debit Credit Nov 30 Supplies Expense 190 Cleaning Suppli... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

467-B-A-A-P (911).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!