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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, 2010 | Â | ||
| Â | Debit | Â | Credit |
| Cash | $15,346 | Â | Â |
| Advertising Supplies | 2,362 | Â | Â |
| Prepaid Insurance | 864 | Â | Â |
| Office Equipment | 7,800 | Â | Â |
| Notes Payable | Â | Â | $5,007 |
| Accounts Payable | Â | Â | 2,362 |
| Unearned Revenue | Â | Â | 1,236 |
| C.R. Byrd, Capital | Â | Â | 10,080 |
| C.R. Byrd, Drawing | 478 | Â | Â |
| Service Revenue | Â | Â | 12,813 |
| Salaries Expense | 3,879 | Â | Â |
| Rent Expense | 769 | Â | Â |
| Â |
$31,498 |
 |
$31,498 |
Assume the following adjustment data.
Instructions
Prepare the adjusting entries for the items above.
| Â | Date | Account/Description | Debit | Credit |
| 1. | Oct.31 | Â | Â | Â |
| Â | Â | Â | Â | Â |
| 2. | Oct.31 | Â | Â | Â |
| Â | Â | Â | Â | Â |
| 3. | Oct.31 | Â | Â | Â |
| Â | Â | Â | Â | Â |
| 4. | Oct.31 | Â | Â | Â |
| Â | Â | Â | Â | Â |
| 5. | Oct.31 | Â | Â | Â |
| Â | Â | Â | Â | Â |
| 6. | Oct.31 | Â | Â | Â |
| Â | Â | Â | Â | Â |
| 7. | Oct.31 | Â | Â | Â |
| Â | Â | Â |
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