Problem 4: Blum Services has the following unadjutad belances at yoarend. $12.900 2,000 1300 Cash Prepaid insurahon Office spples 10.500 Offion nquipment Aasumulated deprediation-elo nquipment Accounta payeble Salaries payable 3.500 2.900 4.500 Unsamed service reverie 11,750 Jackle Blum, capital Jackie Blum, whdwais 5,00 Service revanue 13.350 3,700 Salary epense Depreciaton expense Supplies epense Insurance expense The following Informalion is valable to use in making adjusting entries. Ofice supplies on hand are year-end -$250 a. b. Prepaid insurance expired during the year-$325 C. Uneamed service revenue at year-end - $2,500 d. Depreciation expense for the year-$1,800 Accrued salaries at year-end- $900 Instructions. I have entered the Trial Balance figures for you. Using the workaheet below. Enter the adjustments and complete he al balance. Bum Services Work Sheet December 31, 2020 Adjusted Tral Balance Credi Accounts Trial Balance Adjustments Debi Cred Debi 12.900 2.000 1300 10.500 Cred Debit Cosh Prepaid Ihsuranon Office Supples Office eguiement Accurnulated depreciaton Acceuns payabie Salaries payable Lheamed service revenue Jeckie Bum, capital Jackie Blum, withdrewals Service revenue Salaries espense Deprediaton expense Supplies expensse Insurance espense Totals 3.500 2.900 4.500 11750 5.600 13.350 3.700 36.000 36.000
Problem 4: Blum Services has the following unadjutad belances at yoarend. $12.900 2,000 1300 Cash Prepaid insurahon Office spples 10.500 Offion nquipment Aasumulated deprediation-elo nquipment Accounta payeble Salaries payable 3.500 2.900 4.500 Unsamed service reverie 11,750 Jackle Blum, capital Jackie Blum, whdwais 5,00 Service revanue 13.350 3,700 Salary epense Depreciaton expense Supplies epense Insurance expense The following Informalion is valable to use in making adjusting entries. Ofice supplies on hand are year-end -$250 a. b. Prepaid insurance expired during the year-$325 C. Uneamed service revenue at year-end - $2,500 d. Depreciation expense for the year-$1,800 Accrued salaries at year-end- $900 Instructions. I have entered the Trial Balance figures for you. Using the workaheet below. Enter the adjustments and complete he al balance. Bum Services Work Sheet December 31, 2020 Adjusted Tral Balance Credi Accounts Trial Balance Adjustments Debi Cred Debi 12.900 2.000 1300 10.500 Cred Debit Cosh Prepaid Ihsuranon Office Supples Office eguiement Accurnulated depreciaton Acceuns payabie Salaries payable Lheamed service revenue Jeckie Bum, capital Jackie Blum, withdrewals Service revenue Salaries espense Deprediaton expense Supplies expensse Insurance espense Totals 3.500 2.900 4.500 11750 5.600 13.350 3.700 36.000 36.000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:Problem 4:
Blum Services han the following unadjustad belances at yoar-end.
$12,900
Cash
Prepaid insurahon
Office supples
Offion nquipment
Aasumulated depreciation-olon equipment
Accounts payable
Salaries payable
Unsamed service revenue
Jackle Blum, cpilal
Jackle Blum, withdrawals
2,000
1,300
10,500
3,500
2.900
4,500
11.750
5,600
13,350
Service revenue
3,700
Slary expense
Depreciation experise
Supplies expense
Insurance expenne
The following Information is avalable to use in making adjusting entries.
Office supplies on hand are year-end - $250
Prepaid Insurance expired during the year - $325
Uneamed service revenue at year-end - $2,500
b.
C.
Depreciation expense for the year -$1,800
Accrued salaries at year-end - $900
Instructions, I have entered the Trial Balance figures for you.
Using the workaheet balow. Enter the adjustments and complete the rial balance.
d.
Blum Services
Work Sheet
December 31, 2020
Adjusied Tral
Balance
Credit
Accounts
Trial Balance
Adjustment
Debi
12.900
2.000
1300
10.500
Credi
Debit
Cred
Debi
Cash
Prepaid hsurance
Office Supplies
Ofce equipmment
Accurnulated depreciaton
Accounts payable
Salaries payabie
Uhearned service revenue
Jackie Bum, capital
Jackie Blum, ithdrewals
3,500
2.900
4.500
11.750
5.000
Service revenue
13,350
Salaries expense
Deptediaton expense
Supplies expense
Insuranoe expense
3.700
Totals
36,000
36.000
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