MESSAGE MY INSTRUCTOR The trial balance for Pioneer Advertising is shown below.

Question

MESSAGE MY INSTRUCTOR The trial balance for Pioneer Advertising is shown below. Trial Balance October 31, 2017 Debit Credit $16,000 2,300 600 5,800 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue $4,300 2,500 1,500 9,900 Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense 700 11,500 3,400 900 $29,700 $29,700 Assume the following adjustment data 1. Supplies on hand at October 31 total $400 2. Expired insurance for the month is $300 2 nenreriation for the manth ie e7n

Explanation / Answer

No. Date Accounting Titles and Explanation Debit Credit 1 Oct 31. Advertising Supplies Expense 1900 Advertising Supplies 1900 2 Oct 31. Insurance Expense 300 Prepaid Insurance 300 3 Oct 31. Depreciation Expense 70 Accum. Deprec.-Office Equipment 70 4 Oct 31. Unearned Revenue 700 Service Revenue 700 5 Oct 31. Accounts Receivable 400 Service Revenue 400 6 Oct 31. Interest Expense 70 Interest Payable 70 7 Oct 31. Salaries Expense 1000 Salaries Payable 1000

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