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Name: Score:: Property of STI

The unadjusted trial balance of ABC Work Services as of December 31, 200a is provided. Adjusting entries are needed for supplies on hand, depreciation of furniture and building, salaries owed, accrued service revenue, and earned unearned service revenue. The requirements are to journalize the adjusting entries, enter them in the trial balance worksheet, and prepare an adjusted trial balance.

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702 views2 pages

Name: Score:: Property of STI

The unadjusted trial balance of ABC Work Services as of December 31, 200a is provided. Adjusting entries are needed for supplies on hand, depreciation of furniture and building, salaries owed, accrued service revenue, and earned unearned service revenue. The requirements are to journalize the adjusting entries, enter them in the trial balance worksheet, and prepare an adjusted trial balance.

Uploaded by

Jerho
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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BM1705

Name: SCORE:

The trial balance of ABC Work Services pertains to December 31, 200a, the end of ABC’s annual accounting
period.

ABC WORK SERVICES


Unadjusted Trial Balance
December 31, 200a
Balance
Particulars PR Debit Credit
Cash 60,000
Accounts Receivable 50,000
Supplies 40,000
Furniture 100,000
Accumulated Depreciation – Furniture 40,000
Building 500,000
Accumulated Depreciation – Building 300,000
Accounts Payable 20,000
Salary Payable
Unearned Service Revenue 80,000
Mac, Capital 120,000
Mac, Drawing 100,000
Service Revenue 500,000
Salary Expense 160,000
Supplies Expense
Depreciation Expense – Furniture
Depreciation Expense – Building
Advertising Expense 50,000
TOTAL P 1,060,000 P 1,060,000

Data needed for the adjusting entries include the following:


a. Supplies on hand at year-end, P2,000
b. Depreciation on furniture, P20,000
c. Depreciation on building, P10,000
d. Salaries owed but not yet paid, P5,000
e. Accrued service revenue, P13,000
f. P30,000 of the unearned service revenue has been earned.

Requirements:
1. Journalize ABC’s adjusting entries at December 31, 200a. Key entries by letter. (Use a journal sheet)
(2 points x 6 items)
2. Write the trial balance on a worksheet, enter the adjusting entries, and prepare an adjusted trial balance.
(50 points)

03 Activity 2 *Property of STI


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BM1705

Trial Balance Adjustments Adjusted Trial Balance


Account Title Debit Credit Debit Credit Debit Credit

03 Activity 2 *Property of STI


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