What is the unadjusted trial balance and adjusted trial balance of this journal.
ID: 2570608 • Letter: W
Question
What is the unadjusted trial balance and adjusted trial balance of this journal.
SAMUEL TECHNOLOGY SERVICE
POST-CLOSING TRIAL BALANCE
FEBRUARY 28, 2015
DEBIT CREDIT
Cash 44,200
Accounts Receivable 6,800
Supplies 2,700
Prepaid Rent 6,400
Prepaid Insurance 3,000
Office Equipment 29,000
Accumulated Depreciation 660
Accounts Payable 1,600
Salaries Payable 240
Unearned Fees 5,000
Sam Olin, Capital 84,600
92,100 92,100
Date Particualrs Mar 20 Cash Answer Date Particualrs Debit Credit Debit Credit Dr. 3,500 Mar 1 Cash Dr. 16,400 To Accounts Receivable 3,500 To Revenue 16,400 Mar 2 Advertisment Expense Dr. 600 Mar 21 Accounts Receivable Dr 6,400 To Cash 600 To Revenue 6,400 Mar 3 Cash Dr. 5,000 Mar 23 Cash Dr. 19,000 To Unearned Revene 5,000 To Accounts Receivable 19,000 Dr. 240 Mar 26 Telephone Expenses To Cash Mar 6 Salary Pavable To Cash Dr. 1,500 1,500 240 Mar 8 Accounts Payable Mar 28 Electricity Expenses To Cash Dr 800 Dr. 580 To Cash 800 580 Mar 12 Accounts Receivable 12,200 Mar 30 Accounts Receivable Dr 7,800 12,200 To Revenue 7,800 To Revenue Mar 16 Cash Dr. 7,750 Mar 31 iCash Dr. 10,200 To Revenue 7,750 To Accounts Receivable 10,200 Mar 17Sala Dr. 1,500 Mar 31 Drawin Dr. 16,000 To Cash 1,500 To Cash 16,000 Mar 18Supplies 800 Total 110,270 110,270 To Accounts Payable 800 Note: We can used Customer Advance also in place of Unearned RevenueExplanation / Answer
Unadjusted Trial Balance is the Trial balance before any month end adjustments like Depreciation for the month, expensing rent or insurnace from prepaid, accruing salaries or interest for the month.
Unadjusted Trial Balance is as prepared below:
Adjusted Trial Balance can be prepared after the adjusting entries at month end are passed.
Samnuel Technology Service UnAdjusted Trial Balance March 31, 2015 Debit Balances Credit balances Cash 84,830 Account Receivable 500 Supplies 3,500 Prepaid Rent 6,400 Prepaid Insurance 3,000 Office Equipment 29,000 Accumulated depreciation 660 Accounts Payable 1,600 Salaries payable 240 Revenue 50,550 Unearned Fees 10,000 Sam Olin Capital 84,600 Drawings 16,000 Advertisement Exp 600 Salaries Expense 3,000 Telephone Exp 240 Electricity Exp 580 Total 147,650 147,650Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.