The unadjusted trial balance for Martinez Corp. is shown below. Cash Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Supplies Prepaid Insurance Equipment Service Revenue Salaries and Wages Expense Rent Expense 1. 2. 3. 1. 4. 5. 6. 7. Martinez Corporation Trial Balance October 31, 2025 Assume the following adjustment data. Debit $15,410 3,400 750 5,420 Oct. 31 630 4,000 800 $30,410 Credit $5,420 2,040 1,450 11,100 0 10,400 $30,410 Supplies on hand at October 31 total $530. Expired insurance for the month is $125. Depreciation for the month is $75. As of October 31, services worth $920 related to the previously recorded unearned revenue had been performed. Services performed but unbilled (and no receivable has been recorded) at October 31 are $330. Interest expense accrued at October 31 is $80. Accrued salaries at October 31 are $1,460. Prepare the adjusting entries for the items above. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit
The unadjusted trial balance for Martinez Corp. is shown below. Cash Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Supplies Prepaid Insurance Equipment Service Revenue Salaries and Wages Expense Rent Expense 1. 2. 3. 1. 4. 5. 6. 7. Martinez Corporation Trial Balance October 31, 2025 Assume the following adjustment data. Debit $15,410 3,400 750 5,420 Oct. 31 630 4,000 800 $30,410 Credit $5,420 2,040 1,450 11,100 0 10,400 $30,410 Supplies on hand at October 31 total $530. Expired insurance for the month is $125. Depreciation for the month is $75. As of October 31, services worth $920 related to the previously recorded unearned revenue had been performed. Services performed but unbilled (and no receivable has been recorded) at October 31 are $330. Interest expense accrued at October 31 is $80. Accrued salaries at October 31 are $1,460. Prepare the adjusting entries for the items above. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:The unadjusted trial balance for Martinez Corp. is shown below.
Common Stock
Cash
Supplies
Prepaid Insurance
Equipment
Notes Payable
Accounts Payable
Unearned Service Revenue
Retained Earnings
Dividends
Service Revenue
Salaries and Wages Expense
Rent Expense
1.
2.
3.
4.
1.
6.
7.
5.
Martinez Corporation
Trial Balance
October 31, 2025
Assume the following adjustment data.
No.
Debit
Date
$15,410
Oct. 31
3,400
750
5,420
630
4,000
800
$30,410
Credit
$5,4
2,040
1,450
11,100
Prepare the adjusting entries for the items above. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the
account titles and enter O for the amounts, Credit account titles are automatically indented when the amount is entered. Do not Indent
manually.)
0
10,400
Supplies on hand at October 31 total $530.
Expired insurance for the month is $125.
Depreciation for the month is $75.
As of October 31, services worth $920 related to the previously recorded unearned revenue had been performed.
Services performed but unbilled (and no receivable has been recorded) at October 31 are $330.
Interest expense accrued at October 31 is $80.
Accrued salaries at October 31 are $1,460.
$30,410
Account Titles and Explanation
Debit
Credit
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education