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    ACCT 204 - Chapter 3 Assignment

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    karinedwards473
    The document provides an unadjusted trial balance for Blueprints Limited as of June 30, 2023 along with additional financial information. Students are asked to prepare adjusting entries, an adjusted trial balance, income statement, statement of retained earnings, and balance sheet based on the trial balance and additional information provided for Blueprints Limited for the year ended June 30, 2023.

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    ACCT 204 - Chapter 3 Assignment

    Uploaded by

    karinedwards473
    9 views1 page
    The document provides an unadjusted trial balance for Blueprints Limited as of June 30, 2023 along with additional financial information. Students are asked to prepare adjusting entries, an adjusted trial balance, income statement, statement of retained earnings, and balance sheet based on the trial balance and additional information provided for Blueprints Limited for the year ended June 30, 2023.

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    The document provides an unadjusted trial balance for Blueprints Limited as of June 30, 2023 along with additional financial information. Students are asked to prepare adjusting entries, an adjusted trial balance, income statement, statement of retained earnings, and balance sheet based on the trial balance and additional information provided for Blueprints Limited for the year ended June 30, 2023.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    9 views1 page

    ACCT 204 - Chapter 3 Assignment

    Uploaded by

    karinedwards473
    The document provides an unadjusted trial balance for Blueprints Limited as of June 30, 2023 along with additional financial information. Students are asked to prepare adjusting entries, an adjusted trial balance, income statement, statement of retained earnings, and balance sheet based on the trial balance and additional information provided for Blueprints Limited for the year ended June 30, 2023.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    CHAPTER 3 Assignment

    The Unadjusted Trial Balance of Blueprints Limited as of June 30, 2023 appears below.

    Blueprints Limited
    Unadjusted Trial Balance as of
    June 30, 2023
    Debit Credit
    Cash $412,000
    Accounts receivable 180,100
    Prepaid insurance 16,900
    Supplies 56,200
    Equipment 210,050
    Accumulated depreciation – Equipment $ 21,000
    Accounts payable 123,700
    Unearned service revenue 100,300
    Common stock 321,250
    Retained earnings 191,250
    Dividends 11,250
    Service revenue 297,750
    Salary expense 92,250
    Utility expense 20,500
    Insurance expense 42,500
    Stationery expense 13,500
    $1,055,250 $1,055,250
    Additional information is as follows:
     Supplies inventory at the end of the year amounted to $15,375.
     Accrued salarSies on June 30, 2023, amount to $5,540.
     Unearned service revenue earned by year-end amounted to $24,075.
     Depreciation for the current year amounts to $7,100.
     Prepaid insurance expired as of June 30, 2023, amounts to $4,500.

    Based on the above-unadjusted trial balance and the additional information:


    Prepare for Blueprint Limited:
    a) The year-end adjusting entries are necessary to account for the additional information.
    b) The Adjusted Trial Balance as of June 30, 2023
    c) The following Financial Statements for the year ended June 30, 2023.
    - Income Statement
    - Statement of Retained Earnings
    - Balance Sheet

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