Business Accounts
Jane Consultants had the following balances before passing adjusting entries in the books on December 31, 2015.
Cash $7,000 Deborah, Withdrawals $3,000
Accounts Receivable 2,000 Service Revenue 9,600
Office Supplies 2,800 Salaries Expense 4,000
Equipment 20,000 Rent Expense 800
Accumulated Depreciation— Depreciation Expense—
Equipment 9,000 Equipment 1,500
Deborah, Capital 15,000 Supplies Expense 500
Prepare the adjusted trial balance after considering these adjustments:
a. Office Supplies used, $800. Assume the office supplies were initially recorded as an asset.
b. Accrued salaries on December 31, $600.
c. Revenue accrued but not recorded, $200.