Keep track of your work.  Below is an Unadjusted Trial Balance for Brenner's Bonsai Tree Company, separate from Redwood City Party Supplies.    Prepare the adjusting journal entry: The Unearned Bonsai Tree Maintenance account represents 5 (five) customer contracts that were paid in advance. The company provided service to 3 (three) of the 5 (five) customers.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Keep track of your work. 

Below is an Unadjusted Trial Balance for Brenner's Bonsai Tree Company, separate from Redwood City Party Supplies. 

 

Prepare the adjusting journal entry:

The Unearned Bonsai Tree Maintenance account represents 5 (five) customer contracts that were paid in advance. The company provided service to 3 (three) of the 5 (five) customers.
Brenner's Bonsai Tree Company
Unadjusted Trial Balance
As of December 31, 2017
Debit
Credit
Cash
16,000
Supplies
5,400
Prepaid Insurance
12,600
Equipment
15,400
Accumulated Depreciation, Equipment
Accounts Payable
Unearned Tree Maintenance
Common Stock
3,850
2,500
3,500
20,000
Dividends
5,000
Retained Earnings
Bonsai Tree Sales
Bonsai Tree Maintenance Revenue
Depreciation Expense - Equipment
Salaries Expense
6,000
38,200
3,400
3,850
8,100
Utilities Expense
5,700
Rent Expense
5,400
77,450
77,450
Transcribed Image Text:Brenner's Bonsai Tree Company Unadjusted Trial Balance As of December 31, 2017 Debit Credit Cash 16,000 Supplies 5,400 Prepaid Insurance 12,600 Equipment 15,400 Accumulated Depreciation, Equipment Accounts Payable Unearned Tree Maintenance Common Stock 3,850 2,500 3,500 20,000 Dividends 5,000 Retained Earnings Bonsai Tree Sales Bonsai Tree Maintenance Revenue Depreciation Expense - Equipment Salaries Expense 6,000 38,200 3,400 3,850 8,100 Utilities Expense 5,700 Rent Expense 5,400 77,450 77,450
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