Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

تمرين 2

Preparing adjusting entries and preparing an adjusted trial balance
First Class Maids Company, the cleaning service, started the preparation of its adjusted trial balance as follows:

During the 12 months ended December 31, 2012, First Class Maids
a. used supplies of $1,800.
b. used up prepaid insurance of $620.
c. used up $460 of the equipment through depreciation.
d. accrued salary expense of $310 that First Class Maids hasn't paid yet.
e. earned $360 of the unearned service revenue.
Requirement
1. Prepare an adjusted trial balance. Use Exhibit 3-8 as a guide. Key each adjustment by letter.