trial balance

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


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.)

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