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Elevance Health Unadjusted Trial Balance December 31, 2023 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense Debits Credits $15,680 4,900 1,700 33,600 20,000 6,300 $2,000 2,700 3,900 14,400 10,500 127,890 77,000 1,300 910 $161,390 $161,390 Additional Information: a) The equipment was purchased on January 1, 2022. The useful life is estimated to be 10 years. b) As of December 31, 2023, the Company had accrued salaries of $1,330 c) of the balance in the Unearned Revenue account, $700 had not been earned by year-end. d) A count of supplies on December 31, 2023 showed $560 of supplies had been used during the year. e) On May 1, 2023, the Company rented an office building for one year and paid $33,600 in cash.

Elevance Health Unadjusted Trial Balance December 31, 2023 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense Debits Credits $15,680 4,900 1,700 33,600 20,000 6,300 $2,000 2,700 3,900 14,400 10,500 127,890 77,000 1,300 910 $161,390 $161,390 Additional Information: a) The equipment was purchased on January 1, 2022. The useful life is estimated to be 10 years. b) As of December 31, 2023, the Company had accrued salaries of $1,330 c) of the balance in the Unearned Revenue account, $700 had not been earned by year-end. d) A count of supplies on December 31, 2023 showed $560 of supplies had been used during the year. e) On May 1, 2023, the Company rented an office building for one year and paid $33,600 in cash.

FINANCIAL ACCOUNTING
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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The adjusting entry to record (e) above is: Select one: a. Rent Expense Prepaid Rent b. Prepaid Rent Rent Expense C. d. Rent Expense 33,600 Prepaid Rent e. Debit Credit 22,400 Rent Expense Debit Credit 22,400 Rent Expense 22,400 Cash Prepaid Rent 22,400 Debit Credit 22,400 Debit Credit 33,600 22,400 Debit Credit 11,200 11,200
Transcribed Image Text:The adjusting entry to record (e) above is: Select one: a. Rent Expense Prepaid Rent b. Prepaid Rent Rent Expense C. d. Rent Expense 33,600 Prepaid Rent e. Debit Credit 22,400 Rent Expense Debit Credit 22,400 Rent Expense 22,400 Cash Prepaid Rent 22,400 Debit Credit 22,400 Debit Credit 33,600 22,400 Debit Credit 11,200 11,200
Elevance Health Unadjusted Trial Balance December 31, 2023 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense Debits Credits $15,680 4,900 1,700 33,600 20,000 6,300 $2,000 2,700 3,900 14,400 10,500 127,890 77,000 1,300 910 $161,390 $161,390 Additional Information: a) The equipment was purchased on January 1, 2022. The useful life is estimated to be 10 years. b) As of December 31, 2023, the Company had accrued salaries of $1,330 c) of the balance in the Unearned Revenue account, $700 had not been earned by year-end. d) A count of supplies on December 31, 2023 showed $560 of supplies had been used during the year. e) On May 1, 2023, the Company rented an office building for one year and paid $33,600 in cash.
Transcribed Image Text:Elevance Health Unadjusted Trial Balance December 31, 2023 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense Debits Credits $15,680 4,900 1,700 33,600 20,000 6,300 $2,000 2,700 3,900 14,400 10,500 127,890 77,000 1,300 910 $161,390 $161,390 Additional Information: a) The equipment was purchased on January 1, 2022. The useful life is estimated to be 10 years. b) As of December 31, 2023, the Company had accrued salaries of $1,330 c) of the balance in the Unearned Revenue account, $700 had not been earned by year-end. d) A count of supplies on December 31, 2023 showed $560 of supplies had been used during the year. e) On May 1, 2023, the Company rented an office building for one year and paid $33,600 in cash.
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