PB13. LO 4.3 Prepare adjusting journal entries, as needed, considering the account balances excerpted fromthe unadjusted trial balance and the adjustment data.Unadjusted Trial BalanceDebitCredit250,00056,000Buildings and equipmentAccumulated depreciationPrepaid advertisingUnearned rental revenueInterest payable6,4008,9003,500A. depreciation on buildings and equipment, $17,500B. advertising still prepaid at year end, $2,200C. interest due on notes payable, $4,300D.unearned rental revenue, $6,900E. interest receivable on notes receivable, $1,200

PB13. LO 4.3 Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Debit Credit 250,000 Buildings and equipment Accumulated depreciation Prepaid advertising 56,000 6,400 8,900 Unearned rental revenue Interest payable 3,500 A. depreciation on buildings and equipment, $17,500 B. advertising still prepaid at year end, $2,200 C. interest due on notes payable, $4,300 D. unearned rental revenue, $6,900 E. interest receivable on notes receivable, $1,200

PB13. LO 4.3 Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Debit Credit 250,000 Buildings and equipment Accumulated depreciation Prepaid advertising 56,000 6,400 8,900 Unearned rental revenue Interest payable 3,500 A. depreciation on buildings and equipment, $17,500 B. advertising still prepaid at year end, $2,200 C. interest due on notes payable, $4,300 D. unearned rental revenue, $6,900 E. interest receivable on notes receivable, $1,200

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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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 Cash Common stock $ 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 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
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chapter: adjustment financial statements
13. LO 4.3 Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Debit Credit Property plant and equipment Accumulated depreciation 320,000 89,500 Prepaid insurance Supplies Unearned service revenue 24,000 7,500 3,000 A. supplies actual count at year end, $6,500 B. remaining unexpired insurance, $6,000 C. remaining unearned service revenue, $1,200 D. salaries owed to employees, $2,400 E. depreciation on property plant and equipment, $18,000
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