Business, 13.10.2020 03:01 HecptyAura

The unadjusted trial balance for Flounder Corp. is shown below. FLOUNDER CORP
Trial Balance
October 31, 2017
Debit Credit
Cash $15,150
Supplies 2,660
Prepaid Insurance 690
Equipment 4,700
Notes Payable $4,700
Accounts Payable 2,800
Unearned Service Revenue 1,650
Common Stock 11,390
Retained Earnings 0
Dividends 500
Service Revenue 13,800
Salaries and Wages Expense 4,000
Rent Expense 6,640
$34,340 $34,340
Assume the following adjustment data.
1. Supplies on hand at October 31 total $650.
2. Expired insurance for the month is $130.
3. Depreciation for the month is $110.
4. As of October 31, services worth $1,040 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 $374.
6. Interest expense accrued at October 31 is $81.
7. Accrued salaries at October 31 are $1,820.
Prepare a tabular summary to record adjustments for the items above using the summary that follows.

Answers: 1

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The unadjusted trial balance for Flounder Corp. is shown below. FLOUNDER CORP
Trial Balance...