trial balance

Get your Assignment in a Minimum of 3 hours

Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs.

Free Inquiry Order A Paper Now Cost Estimate

The unadjusted trial balance for Blue Spruce Corp. is shown below.

BLUE SPRUCE CORP. Trial Balance

October 31, 2017

Debit Credit

Cash $15,450

Supplies 2,950

Prepaid Insurance 690

Equipment 4,570

Notes Payable $4,570

Accounts Payable 2,270

Unearned Service Revenue 1,750

Common Stock 11,290

Retained Earnings 0

Dividends 600

Service Revenue 13,490

Salaries and Wages Expense 4,000

Rent Expense 5,110

$33,370 $33,370

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.)

"Is this question part of your assignment? We Can Help!"

"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"

Get Started