Preparing an adjusted trial balance
Famous Cut Hair Stylists has begun the preparation of its adjusted trial balance as follows:
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FAMOUS CUT HAIR STYLISTS Preparation of Adjusted Trial Balance 31-Dec-12 |
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Trial Balance |
Adjustments |
Adjusted Trial Balance |
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Account |
Debit |
Credit |
Debit |
Credit |
Debit |
Credit |
|
Cash |
$ 800 |
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Supplies |
900 |
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Equipment |
19,100 |
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Accumulated depreciation |
1,000 |
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Accounts payable |
200 |
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Interest payable |
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Note payable |
2,500 |
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Fabio, capital |
7,400 |
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Service revenue |
14,800 |
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Rent expense |
4,500 |
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Supplies expense |
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Depreciation expense |
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Interest expense |
600 |
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Total |
$25,900 |
$25,900 |
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5
4
Year-end data include the following:
a. Supplies on hand, $300.
b. Depreciation, $1,000.
c. Accrued interest expense, $600.
Requirement
1. Complete Famous Cut’s adjusted trial balance. Key each adjustment by letter.