Question

The unadjusted trial balance for Flounder Corp. is shown below.

Assume the following adjustment data.

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.)

1.

 

Supplies on hand at October 31 total $610.

2.

 

Expired insurance for the month is $115.

3.

 

Depreciation for the month is $95.

4.

 

As of October 31, services worth $940 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 $230.

6.

 

Interest expense accrued at October 31 is $75.

7.

 

Accrued salaries at October 31 are $1,535.

FLOUNDER CORP Trial Balance October 31, 2017 Debit $15,150 2,660 690 4,700 Credit Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,700 2,800 1,650 11,390 500 13,800 4,000 6,640 $34,340 $34,340