1. At the end of October, the following adjustment data were assembled, analyze

Question

1.       At the end of October, the following adjustment data were assembled, analyze and use these data to complete parts 3 and 4.

a.       Insurance expired during October is 250

b.      Supplies on hand October 31 are 700

c.       Depreciation of office equipment for October is 300

d.      Accrued receptionist salary on October 31 is 250

e.      Rent expired during ovtober is 1600

f.        Unearned fees on October 31 are 1800

2.       Enter the unadjusted trial balance on an end-of-period spreadsheet (worksheet) and complete the spreadsheet.

Unadjusted Trial Balance Description Dr Cr. Cash 23000 A/R 800 supplies 750 Office equipment 7000 Prepaid rent 4800 Prepaid insurance 3000 Unearned Fees 4000 A/P 1000 Advertising Exp. 400 Consulting Revenue 28200 Salary exp. 2000 Utility exp. 550 Banovich withdrawal 8000 41750 41750

Explanation / Answer

Unadjusted Trial Balance Description Dr Cr. Cash 23000 A/R 800 supplies 750 Office equipment 7000 Prepaid rent 4800 Prepaid insurance 3000 Unearned Fees 4000 A/P 1000 Advertising Exp. 400 Consulting Revenue 28200 Salary exp. 2000 Utility exp. 550 Banovich withdrawal 8000 41750 41750

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