Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 12.00

Bella Beauty Salon

Bella Beauty Salon's unadjusted trial balance for the current year follows:

 

Bella Beauty Salon

Trial Balance

December 31

 

 

 

Additional information:

a. An insurance policy examination showed $1,400 of expired insurance.

b. An inventory count showed $280 of unused shop supplies still available.

c. Depreciation expense on shop equipment, $350.

d. Depreciation expense on the building, $2,220.

e. A beautician is behind on space rental payments, and this $200 of accrued revenue was unrecorded at the time the trial balance was prepared.

f. $800 of the Unearned Rent account balance was earned by year-end.

g. The one employee, a receptionist, works a five-day workweek at $50 per day. The employee was paid last week but has worked four days this week for which she has not been paid.

h. Three months' property taxes, totaling $450, have accrued. This additional amount of property taxes expense has not been recorded.

i. One month's interest on the note payable, $600, has accrued but is unrecorded.

 

Based on the above information, prepare the adjusting journal entries for Bella's Beauty Salon.

 

Use the above information to prepare the adjusted trial balance for Bella's Beauty Salon.

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 11:08 PM My Price 12.00

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