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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The trial balance for Pioneer Advertising Agency shows the following. Pioneer Advertising Agency Trial Balance October 31, 2012 Debit Credit Cash $15,757 Supplies 2,627 Prepaid Insurance 418 Equipment 4,948 Notes Payable $4,480 Accounts Payable 2,859 Unearned Service Revenue 1,420 Owners Capital 8,206 Owners Drawings 542 Service Revenue 11,875 Salaries and Wages Expense 3,710 Rent Expense 838 $28,840 $28,840 Assume the following adjustment data. 1. Supplies on hand at October 31 total $653. 2. Expired insurance for the month is $241. 3. Depreciation for the month is $82. 4. Unearned service revenue earned in October totals $554. 5. Services provided but not recorded at October 31 are $257. 6. Interest accrued at October 31 is $74. 7. Accrued salaries at October 31 are $1,142. Prepare the adjusting entries for the items above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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