PA15.) Prepare an adjusted trial balance from the following account information, consideringthe adjustment; data provided (assume accounts have normal balances). Equipment wasrecently purchased, so there is neither depreciation expense nor accumulated depreciation.Accounts payableAccounts receivableCashCommon stock$ 9,50014,26022,22230,0005,00012,00025,44420,00026,00012,81512,68989,5502,75053,500DividendsEquipmentPrepaid insuranceLandNotes payableRetained earningsInsurance expenseService revenueSuppliesSalaries expenseAdjustments needed:Salaries due to employees, but unpaid at the end of the period, $2,000Insurance still unexpired at end of the period, $12,000

Unadjusted Adjustments Adjusted Particulars Debit in $…

PA15.) Prepare an adjusted trial balance from the following account information, considering the adjustment; data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation. Accounts payable Accounts receivable $ 9,500 14,260 22,222 30,000 5,000 12,000 25,444 20,000 26,000 12,815 12,689 89,550 2,750 53,500 Cash Common stock Dividends Equipment Prepaid insurance Land Notes payable Retained earnings Insurance expense Service revenue Supplies Salaries expense Adjustments needed: Salaries due to employees, but unpaid at the end of the period, $2,000 Insurance still unexpired at end of the period, $12,000

PA15.) Prepare an adjusted trial balance from the following account information, considering the adjustment; data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation. Accounts payable Accounts receivable $ 9,500 14,260 22,222 30,000 5,000 12,000 25,444 20,000 26,000 12,815 12,689 89,550 2,750 53,500 Cash Common stock Dividends Equipment Prepaid insurance Land Notes payable Retained earnings Insurance expense Service revenue Supplies Salaries expense Adjustments needed: Salaries due to employees, but unpaid at the end of the period, $2,000 Insurance still unexpired at end of the period, $12,000

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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Use the following account information and consider the adjustment data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation Accounts Payable $11,500 Accounts Receivable 14,260 Cash 22,222 Common Stock 31,000 Dividends 6,000 Equipment 12,000 Prepaid Insurance 25,444 Land 22,000 Notes Payable 29,000 Retained Earnings Insurance Expense 12,689 Service Revenue 82,050 Supplies 2,750 Salaries Expense 53,000 Adjustments needed: Salaries due to employees, but unpaid at the end of the period, $2,000. Insurance still unexpired at end of the period, $12,000. Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank
I'm having difficulty with this question, by getting the rest of the values from the given prices, as well as understanding where to place some of the prices.
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