Accounting Homework Help: Adjusting Trial Balance


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Accounting Homework Help: Adjusting Trial Balance 1 answer below » Bella Beauty Salon’s unadjusted trial balance for the current year follows: Bella Beauty Salon Trial Balance December 31 View complete question » Additional information: a. An insurance policy examination showed $1,400 of expired insurance. b. An inventory count showed $280 of unused shop supplies still available. c. Depreciation expense on shop equipment, $350. d. Depreciation expense on the building, $2,220. e. A beautician is behind on space rental payments, and this $200 of accrued revenue was unrecorded at the time the trial Bella Beauty Salon’s unadjusted trial balance for the current year follows: Bella Beauty Salon Trial Balance December 31 Additional information: a. An insurance policy examination showed $1,400 of expired insurance. b. An inventory count showed $280 of unused shop supplies still available. c. Depreciation expense on shop equipment, $350. d. Depreciation expense on the building, $2,220. e. A beautician is behind on space rental payments, and this $200 of accrued revenue was unrecorded at the time the trial balance was prepared. f. $800 of the Unearned Rent account balance was earned by year-end. g. The one employee, a receptionist, works a five-day workweek at $50 per day. The employee was paid last week but has worked four days this
week for which she has not been paid. h. Three months’ property taxes, totaling $450, have accrued. This additional amount of property taxes expense has not been recorded. i. One month’s interest on the note payable, $600, has accrued but is unrecorded. Based on the above information, prepare the adjusting journal entries for Bella’s Beauty Salon. Use the above information to prepare the adjusted trial balance for Bella’s Beauty Salon. View less » Dec 11 2013 12:27 AM

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