The unadjusted trial balance for a company has total debit and credit column totals of $148,000. The Adjustments columns contain entries for the following: Office supplies used during the period, $2,650. Expiration of prepaid rent, $1,700. Accrued salaries expense, $3,500. Depreciation expense, $1,625. Accrued service revenues, $2,500. The Adjusted Trial Balance columns total to
A) $136,025
B) $148,000
C) $155,625
D) $159,975
E) $151,275

Question

Quizplus · Accepted Answer

To find the adjusted trial balance, we need to add the adjusting entries to the unadjusted trial balance.

Unadjusted trial balance column totals = $148,000

Adjustments: 
- Office supplies used during the period: $2,650 (debit Office Supplies Expense, credit Office Supplies)
- Expiration of prepaid rent: $1,700 (debit Rent Expense, credit Prepaid Rent)
- Accrued salaries expense: $3,500 (debit Salaries Expense, credit Salaries Payable)
- Depreciation expense: $1,625 (debit Depreciation Expense, credit Accumulated Depreciation)
- Accrued service revenues: $2,500 (debit Accounts Receivable, credit Service Revenues)

Total adjustments = $11,975

Adjusted trial balance column totals = $148,000 + $11,975 = $155,625

Therefore, the best choice is C.

The Unadjusted Trial Balance for a Company Has Total Debit