℗ Pearson X P Problem XCourse:7710589/products/79c3fa4c-a84f-42ba-b87a-e36a400bca00/pages/urn:pearson:entity:67c5d... Q3-53W3-54<nhhh us d X | char 4 x | G bu trans x | b HORNG x | +AdjustingEntryEnd of Chapter: The Adjusting ProcessSpecific Category ofAccounts on theBalance SheetP-F:3-35A. Journalizing and posting adjustments to the T-accounts andpreparing an adjusted trial balance (Learning Objectives 3, 4)Over/UnderstatedThe unadjusted trial balance of Anniston Air Purification System atDecember 31, 2024, and the data needed for the adjustments follow.Account TitleCashAccounts ReceivablePrepaid RentOffice SuppliesANNISTON AIR PURIFICATION SYSTEMUnadjusted Trial BalanceDecember 31, 2024EquipmentAccumulated Depreciation EquipmentAccounts PayableSalaries PayableUnearned RevenueCommon StockDividendsSpecific Categoryof Accounts on theOver /Income Statement UnderstatedService RevenueSalaries ExpenseRent ExpenseDepreciation Expense-EquipmentAdvertising ExpenseSupplies ExpenseTotalBalanceDebit$ 7.60019,7002.9001,80022.0009,9003,3001,800Credit$ 3,9002,9003,10043,80015,300$ 69,000 $ 69,000Adjustment data at December 31 follow:• On Noromhor 15 Annicton contracted to perform carvirac for a3-54dá^=S GI PearsonX℗ Problen X3-54<nhhh usurse:7710589/products/79c3fa4c-a84f-42ba-b87a-e36a400bca00/pages/urn:pearson:entity:67c5d...x |char 4 x G bu trans x | b HORNG X +End of Chapter: The Adjusting ProcessAdjustment data at December 31 follow:a. On December 15, Anniston contracted to perform services for aclient receiving $3,100 in advance. Anniston recorded this receipt ofcash as Unearned Revenue. As of December 31, Anniston hascompleted $2,100 of the services.b. Anniston prepaid two months of rent on December 1. (Assume thePrepaid Rent balance as shown on the unadjusted trial balancerepresents the two months of rent prepaid on December 1.)c. Anniston used $750 of office supplies.d. Depreciation for the equipment is $850.e. Anniston received a bill for December's online advertising, $1,100.Anniston will not pay the bill until January. (Use Accounts Payable.)3-54f. Anniston pays its employees on Monday for the previous week'swages. Its employees earn $5,250 for a five-day workweek. December31 falls on Tuesday this year.g. On October 1, Anniston agreed to provide a four-month air systemcheck (beginning October 1) for a customer for $3,400. Anniston hascompleted the system check every month, but payment has not yetbeen received and no entries have been made.Requirements1. Journalize the adjusting entries on December 31.2. Using the unadjusted trial balance, open the T-accounts with theunadjusted balances. Post the adjusting entries to the T-accounts.3. Prepare the adjusted trial balance.3. Adjusted trial balance total $75,600of

Statement which involves listing of all accounts with their respective balances in one statement…

3-53 4 3-64 P-F:3-35A. Journalizing and posting adjustments to the T-accounts and preparing an adjusted trial balance (Learning Objectives 3, 4) The unadjusted trial balance of Anniston Air Purification System at December 31, 2024, and the data needed for the adjustments follow. ANNISTON AIR PURIFICATION SYSTEM Unadjusted Trial Balance December 31, 2024 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Advertising Expense Supplies Expense Total Adjustment data at December 31 follow: Balance Debit $ 7,600 19,700 2,900 1,800 22,000 9,900 3,300 1,800 $ 69,000 Credit $3,900 2,900 3,100 43,800 15,300 $ 69,000

3-53 4 3-64 P-F:3-35A. Journalizing and posting adjustments to the T-accounts and preparing an adjusted trial balance (Learning Objectives 3, 4) The unadjusted trial balance of Anniston Air Purification System at December 31, 2024, and the data needed for the adjustments follow. ANNISTON AIR PURIFICATION SYSTEM Unadjusted Trial Balance December 31, 2024 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Advertising Expense Supplies Expense Total Adjustment data at December 31 follow: Balance Debit $ 7,600 19,700 2,900 1,800 22,000 9,900 3,300 1,800 $ 69,000 Credit $3,900 2,900 3,100 43,800 15,300 $ 69,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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