On December 31, 2016, Maple Moving Company had the following balances: **Instructions:** 1. **Required:** 2. Use the unadjusted account balances above and the following year-end data to determine adjusted account balances and prepare an adjusted trial balance. 3. Note: If nothing belongs in a cell, leave it blank. 4. NOTE: After completing the adjusted trial balance, you must click through every remaining blank cell in order to receive a "complete" message when submitting. **Year-End Data:** - Interest owed but not yet paid: $10,800 - Supplies on hand: $15,000 - Truck depreciation expense: $35,200 - Unpaid wages earned by employees: $3,500 - Unearned revenue that has been earned: $2,000 **MAPLE MOVING COMPANY** **Adjusted Trial Balance** **at December 31, 2016** | Account Name | Debits | Credits | |--------------------------|---------|---------| | Cash | $62,500 | | | Accounts Receivable | | | | Supplies | | | | Trucks | | | | Accumulated Depreciation | | | | Accounts Payable | | | | Interest Payable | | | **Explanation:** This table represents some of the accounts that Maple Moving Company needs to adjust at the end of the fiscal year. The adjustments reflect unpaid interests, supplies on hand, depreciation, unpaid wages, and earned revenue previously unearned. Proper adjustment ensures accurate financial reporting. Note that cells may have blank placeholders for input of the adjusted balances or additional accounts. On December 31, 2016, Maple Moving Company had the following balances before year-end adjustments: 1. **Cash**: $62,500 2. **Accounts Receivable**: $51,000 3. **Supplies**: $67,600 4. **Trucks**: $176,000 5. **Accumulated Depreciation**: $17,600 6. **Accounts Payable**: $37,500 7. **Interest Payable**: (no data provided) 8. **Wages Payable**: (no data provided) 9. **Unearned Revenue**: $6,000 10. **Notes Payable**: $100,000 11. **Common Stock**: $66,000 12. **Retained Earnings**: $23,400 13. **Service Revenue**: $167,000 14. **Wages Expense**: $61,000 15. **Depreciation Expense**: (no data provided) 16. **Interest Expense**: (no data provided) **Instructions:** Use the unadjusted account balances above and the following year-end data to determine adjusted account balances and prepare an adjusted trial balance. **Note:** If nothing belongs in a cell, leave it blank.
On December 31, 2016, Maple Moving Company had the following balances: **Instructions:** 1. **Required:** 2. Use the unadjusted account balances above and the following year-end data to determine adjusted account balances and prepare an adjusted trial balance. 3. Note: If nothing belongs in a cell, leave it blank. 4. NOTE: After completing the adjusted trial balance, you must click through every remaining blank cell in order to receive a "complete" message when submitting. **Year-End Data:** - Interest owed but not yet paid: $10,800 - Supplies on hand: $15,000 - Truck depreciation expense: $35,200 - Unpaid wages earned by employees: $3,500 - Unearned revenue that has been earned: $2,000 **MAPLE MOVING COMPANY** **Adjusted Trial Balance** **at December 31, 2016** | Account Name | Debits | Credits | |--------------------------|---------|---------| | Cash | $62,500 | | | Accounts Receivable | | | | Supplies | | | | Trucks | | | | Accumulated Depreciation | | | | Accounts Payable | | | | Interest Payable | | | **Explanation:** This table represents some of the accounts that Maple Moving Company needs to adjust at the end of the fiscal year. The adjustments reflect unpaid interests, supplies on hand, depreciation, unpaid wages, and earned revenue previously unearned. Proper adjustment ensures accurate financial reporting. Note that cells may have blank placeholders for input of the adjusted balances or additional accounts. On December 31, 2016, Maple Moving Company had the following balances before year-end adjustments: 1. **Cash**: $62,500 2. **Accounts Receivable**: $51,000 3. **Supplies**: $67,600 4. **Trucks**: $176,000 5. **Accumulated Depreciation**: $17,600 6. **Accounts Payable**: $37,500 7. **Interest Payable**: (no data provided) 8. **Wages Payable**: (no data provided) 9. **Unearned Revenue**: $6,000 10. **Notes Payable**: $100,000 11. **Common Stock**: $66,000 12. **Retained Earnings**: $23,400 13. **Service Revenue**: $167,000 14. **Wages Expense**: $61,000 15. **Depreciation Expense**: (no data provided) 16. **Interest Expense**: (no data provided) **Instructions:** Use the unadjusted account balances above and the following year-end data to determine adjusted account balances and prepare an adjusted trial balance. **Note:** If nothing belongs in a cell, leave it blank.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:On December 31, 2016, Maple Moving Company had the following balances:
**Instructions:**
1. **Required:**
2. Use the unadjusted account balances above and the following year-end data to determine adjusted account balances and prepare an adjusted trial balance.
3. Note: If nothing belongs in a cell, leave it blank.
4. NOTE: After completing the adjusted trial balance, you must click through every remaining blank cell in order to receive a "complete" message when submitting.
**Year-End Data:**
- Interest owed but not yet paid: $10,800
- Supplies on hand: $15,000
- Truck depreciation expense: $35,200
- Unpaid wages earned by employees: $3,500
- Unearned revenue that has been earned: $2,000
**MAPLE MOVING COMPANY**
**Adjusted Trial Balance**
**at December 31, 2016**
| Account Name | Debits | Credits |
|--------------------------|---------|---------|
| Cash | $62,500 | |
| Accounts Receivable | | |
| Supplies | | |
| Trucks | | |
| Accumulated Depreciation | | |
| Accounts Payable | | |
| Interest Payable | | |
**Explanation:**
This table represents some of the accounts that Maple Moving Company needs to adjust at the end of the fiscal year. The adjustments reflect unpaid interests, supplies on hand, depreciation, unpaid wages, and earned revenue previously unearned. Proper adjustment ensures accurate financial reporting.
Note that cells may have blank placeholders for input of the adjusted balances or additional accounts.
Transcribed Image Text:On December 31, 2016, Maple Moving Company had the following balances before year-end adjustments:
1. **Cash**: $62,500
2. **Accounts Receivable**: $51,000
3. **Supplies**: $67,600
4. **Trucks**: $176,000
5. **Accumulated Depreciation**: $17,600
6. **Accounts Payable**: $37,500
7. **Interest Payable**: (no data provided)
8. **Wages Payable**: (no data provided)
9. **Unearned Revenue**: $6,000
10. **Notes Payable**: $100,000
11. **Common Stock**: $66,000
12. **Retained Earnings**: $23,400
13. **Service Revenue**: $167,000
14. **Wages Expense**: $61,000
15. **Depreciation Expense**: (no data provided)
16. **Interest Expense**: (no data provided)
**Instructions:**
Use the unadjusted account balances above and the following year-end data to determine adjusted account balances and prepare an adjusted trial balance.
**Note:** If nothing belongs in a cell, leave it blank.
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