Yellow Service Company has the following unadjusted balances at vear-end. YELLOW Service Company TRIAL BALANCE Dec., 31, 2018 Unadjusted Trial Bal. Debit Adjusted Trial Bal. Credit Асcounts Credit Debit Cash TL 51.600 Account Receivable Prepaid Insurance Supplies Equipment Accumulated depreciation-Equipment Accounts payable Salaries payable Unearned service revenue Capital, Yellow 8.000 5.200 42.000 14.000 11.600 18.000 61.000 Withdrawals 22.400 Service revenue 39.400 14.800 Salary expense Depreciation expense Insurance expense Supplies expense ТОTAL TL 144.000 TL 144.000 The following information is available to use in making adjusting entries. a. Office supplies on hand at year-end, TL 3.200. b. Prepaid insurance expired during the year, TL 1.500. c. Unearned service revenue still unearned, TL 4.000. d. Depreciation expense for the year, TL 5.600. e. Accrued salaries at year-end, TL 2.900. Revenues earned but not bilIled totaled TI 15 500

Yellow Service Company has the following unadjusted balances at vear-end. YELLOW Service Company TRIAL BALANCE Dec., 31, 2018 Unadjusted Trial Bal. Debit Adjusted Trial Bal. Credit Асcounts Credit Debit Cash TL 51.600 Account Receivable Prepaid Insurance Supplies Equipment Accumulated depreciation-Equipment Accounts payable Salaries payable Unearned service revenue Capital, Yellow 8.000 5.200 42.000 14.000 11.600 18.000 61.000 Withdrawals 22.400 Service revenue 39.400 14.800 Salary expense Depreciation expense Insurance expense Supplies expense ТОTAL TL 144.000 TL 144.000 The following information is available to use in making adjusting entries. a. Office supplies on hand at year-end, TL 3.200. b. Prepaid insurance expired during the year, TL 1.500. c. Unearned service revenue still unearned, TL 4.000. d. Depreciation expense for the year, TL 5.600. e. Accrued salaries at year-end, TL 2.900. Revenues earned but not bilIled totaled TI 15 500

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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