3-64 4 < End of Chapter: The Adjusting Process Adjustment data at December 31 follow: a. On December 15, Anniston contracted to perform services for a client receiving $3,100 in advance. Anniston recorded this receipt of cash as Unearned Revenue. As of December 31, Anniston has completed $2,100 of the services. b. Anniston prepaid two months of rent on December 1. (Assume the Prepaid Rent balance as shown on the unadjusted trial balance represents 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.) f. Anniston pays its employees on Monday for the previous week's wages. Its employees earn $5,250 for a five-day workweek. December 31 falls on Tuesday this year. g. On October 1, Anniston agreed to provide a four-month air system check (beginning October 1) for a customer for $3,400. Anniston has completed the system check every month, but payment has not yet been received and no entries have been made. Requirements 1. Journalize the adjusting entries on December 31. 2. Using the unadjusted trial balance, open the T-accounts with the unadjusted balances. Post the adjusting entries to the T-accounts. 3. Prepare the adjusted trial balance. 3. Adjusted trial balance total $75,600 3-54 > D
3-64 4 < End of Chapter: The Adjusting Process Adjustment data at December 31 follow: a. On December 15, Anniston contracted to perform services for a client receiving $3,100 in advance. Anniston recorded this receipt of cash as Unearned Revenue. As of December 31, Anniston has completed $2,100 of the services. b. Anniston prepaid two months of rent on December 1. (Assume the Prepaid Rent balance as shown on the unadjusted trial balance represents 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.) f. Anniston pays its employees on Monday for the previous week's wages. Its employees earn $5,250 for a five-day workweek. December 31 falls on Tuesday this year. g. On October 1, Anniston agreed to provide a four-month air system check (beginning October 1) for a customer for $3,400. Anniston has completed the system check every month, but payment has not yet been received and no entries have been made. Requirements 1. Journalize the adjusting entries on December 31. 2. Using the unadjusted trial balance, open the T-accounts with the unadjusted balances. Post the adjusting entries to the T-accounts. 3. Prepare the adjusted trial balance. 3. Adjusted trial balance total $75,600 3-54 > D
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Solve
Transcribed Image Text:Pearson
P Problen X
X
3-54
urse:7710589/products/79c3fa4c-a84f-42ba-b87a-e36a400bca00/pages/urn:pearson:entity:67c5d...
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Adjustment data at December 31 follow:
a. On December 15, Anniston contracted to perform services for a
client receiving $3,100 in advance. Anniston recorded this receipt of
cash as Unearned Revenue. As of December 31, Anniston has
completed $2,100 of the services.
End of Chapter: The Adjusting Process
b. Anniston prepaid two months of rent on December 1. (Assume the
Prepaid Rent balance as shown on the unadjusted trial balance
represents 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.)
f. Anniston pays its employees on Monday for the previous week's
wages. Its employees earn $5,250 for a five-day workweek. December
31 falls on Tuesday this year.
g. On October 1, Anniston agreed to provide a four-month air system
check (beginning October 1) for a customer for $3,400. Anniston has
completed the system check every month, but payment has not yet
been received and no entries have been made.
Requirements
1. Journalize the adjusting entries on December 31.
2. Using the unadjusted trial balance, open the T-accounts with the
unadjusted balances. Post the adjusting entries to the T-accounts.
3. Prepare the adjusted trial balance.
3-54
3. Adjusted trial balance total $75,600
> 口
Transcribed Image Text:Pearson X
Problem X Gnhhh us X
course:7710589/products/79c3fa4c-a84f-42ba-b87a-e36a400bca00/pages/urn:pearson:entity:67c5d... Q
3-53
3-64
<
Adjusting
Entry
Specific Category of
Accounts on the
Balance Sheet
End of Chapter: The Adjusting Process
Account Title
Cash
char 4 X G bu trans x b HORNG X +
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.
Accounts Receivable
Prepaid Rent
Office Supplies
Over/
Understated
ANNISTON AIR PURIFICATION SYSTEM
Unadjusted Trial Balance
December 31, 2024
Accounts Payable
Salaries Payable
Unearned Revenue
Common Stock
Dividends
Service Revenue
Salaries Expense
Rent Expense
Equipment
Accumulated Depreciation-Equipment
Depreciation Expense-Equipment
Advertising Expense
Supplies Expense
Total
3-54 > D
Type
Specific Category
of Accounts on the
Over/
Income Statement Understated
Adjustment data at December 31 follow:
Balance
Debit
$ 7,600
19,700
2,900
1,800
22,000
9,900
3,300
1,800
Credit
$ 3,900
2,900
3,100
43,800
15,300
On Naromhor 15 Annicton contracted to perform carvirac for a
$ 69,000 $ 69,000
x
G
0
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