The general ledger of Pop's Fireworks includes the following account balances in 2021: Accounts Debit Credit Cash $ 22,800 Accounts Receivable 45,500 Allowance for Uncollectible Accounts $ 3,800 Supplies 9,100 Notes Receivable (8%, due in 2 years) 26,000 Land 93,000 Accounts Payable 13,900 Common Stock 138,000 Retained Earnings 30,700 Service Revenue 126,400 Salaries Expense 71,700 Utilities Expense 26,600 Supplies Expense 18,100 Totals $ 312,800 $ 312,800 In addition, the following transactions occurred during 2021 and are not yet reflected in the account balances above: June 3 Provide additional services on account for $15,000. All services on account include terms 2/10, n/30. June 8 Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $9,000. November 15 Write off customer accounts of $2,300 as uncollectible. 3. Prepare an adjusted trial balance as of December 31, 2021.
The general ledger of Pop's Fireworks includes the following account balances in 2021: Accounts Debit Credit Cash $ 22,800 Accounts Receivable 45,500 Allowance for Uncollectible Accounts $ 3,800 Supplies 9,100 Notes Receivable (8%, due in 2 years) 26,000 Land 93,000 Accounts Payable 13,900 Common Stock 138,000 Retained Earnings 30,700 Service Revenue 126,400 Salaries Expense 71,700 Utilities Expense 26,600 Supplies Expense 18,100 Totals $ 312,800 $ 312,800 In addition, the following transactions occurred during 2021 and are not yet reflected in the account balances above: June 3 Provide additional services on account for $15,000. All services on account include terms 2/10, n/30. June 8 Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $9,000. November 15 Write off customer accounts of $2,300 as uncollectible. 3. Prepare an adjusted trial balance as of December 31, 2021.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The general ledger of Pop's Fireworks includes the following account balances in 2021:
| Accounts | Debit | Credit | |||||
| Cash | $ | 22,800 | |||||
| 45,500 | |||||||
| Allowance for Uncollectible Accounts | $ | 3,800 | |||||
| Supplies | 9,100 | ||||||
| Notes Receivable (8%, due in 2 years) | 26,000 | ||||||
| Land | 93,000 | ||||||
| Accounts Payable | 13,900 | ||||||
| Common Stock | 138,000 | ||||||
| 30,700 | |||||||
| Service Revenue | 126,400 | ||||||
| Salaries Expense | 71,700 | ||||||
| Utilities Expense | 26,600 | ||||||
| Supplies Expense | 18,100 | ||||||
| Totals | $ | 312,800 | $ | 312,800 | |||
In addition, the following transactions occurred during 2021 and are not yet reflected in the account balances above:
| June | 3 | Provide additional services on account for $15,000. All services on account include terms 2/10, n/30. | ||
| June | 8 | Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $9,000. | ||
| November | 15 | Write off customer accounts of $2,300 as uncollectible. |
3. Prepare an adjusted
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