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The unadjusted trial balance for Blue Spruce Corp. is shown below.
BLUE SPRUCE CORP. Trial Balance
October 31, 2017
Prepaid Insurance 690
Notes Payable $4,570
Accounts Payable 2,270
Unearned Service Revenue 1,750
Common Stock 11,290
Retained Earnings 0
Service Revenue 13,490
Salaries and Wages Expense 4,000
Rent Expense 5,110
Assume the following adjustment data.
1. Supplies on hand at October 31 total $620.
2. Expired insurance for the month is $115.
3. Depreciation for the month is $60.
4. As of October 31, services worth $880 related to the previously recorded unearned revenue had been performed.
5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $320.
6. Interest expense accrued at October 31 is $90.
7. Accrued salaries at October 31 are $1,540.
Prepare the adjusting entries for the items above. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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