Question: This problem continues the Shine King Cleaning situation from Problem P2-44 of Chapter 2. Start from the unadjusted trial balance that Shine King Cleaning prepared
This problem continues the Shine King Cleaning situation from Problem P2-44 of Chapter 2. Start from the unadjusted trial balance that Shine King Cleaning prepared at November 30, 2015, as follows: Account
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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 $ 170.
c. One month’s interest expense is $ 100.
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 Shine KingCleaning.
SHINE KING CLEANING Unadjusted Trial Balance November 30, 2015 Balance Deblt Credit Account itle Cash Accounts Receivable Clearing Supplies Prepaid Rent Prepaid Insurance Equipment Truck Accounts Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Advertising Expense Utlities Expense Total 73,100 2,000 270 2,000 2,400 2.200 8,000 S 945 3,600 40,000 43,000 600 3,800 500 100 175 91,345 91345
Step by Step Solution
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Requirement 1 Date Accounts and Explanation Debit Credit Nov 30 Supplies Expense 220 Cleaning Suppli... View full answer
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