the trial balance for pioneer advertising agency shows the following 501306
Aug 29, 2021 | Uncategorized
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The trial balance for Pioneer Advertising Agency shows the following:
| PIONEER ADVERTISING AGENCY |
| Trial Balance |
| October 31, 2010 |
|
|
Debit |
|
Credit |
| Cash |
$15,346 |
|
|
| Advertising Supplies |
2,362 |
|
|
| Prepaid Insurance |
864 |
|
|
| Office Equipment |
7,800 |
|
|
| Notes Payable |
|
|
$5,007 |
| Accounts Payable |
|
|
2,362 |
| Unearned Revenue |
|
|
1,236 |
| C.R. Byrd, Capital |
|
|
10,080 |
| C.R. Byrd, Drawing |
478 |
|
|
| Service Revenue |
|
|
12,813 |
| Salaries Expense |
3,879 |
|
|
| Rent Expense |
769 |
|
|
|
$31,498
|
|
$31,498
|
Assume the following adjustment data.
- Advertising supplies on hand at October 31 total $530.
- Expired insurance for the month is $144.
- Depreciation for the month is $78.
- Unearned revenue earned in October totals $618.
- Services provided but not recorded at October 31 are $228.
- Interest accrued at October 31 is $87.
- Accrued salaries at October 31 are $1,489.
Instructions
Prepare the adjusting entries for the items above.
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Date |
Account/Description |
Debit |
Credit |
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Oct.31 |
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Oct.31 |
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| 3. |
Oct.31 |
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Oct.31 |
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Oct.31 |
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Oct.31 |
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| 7. |
Oct.31 |
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