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    Name: Score:: Property of STI

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    Jerho
    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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    Name: Score:: Property of STI

    Uploaded by

    Jerho
    619 views2 pages
    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.

    Original Title

    03_Activity_2_(online)

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    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.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    619 views2 pages

    Name: Score:: Property of STI

    Uploaded by

    Jerho
    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.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    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


    Page 1 of 2
    BM1705

    Trial Balance Adjustments Adjusted Trial Balance


    Account Title Debit Credit Debit Credit Debit Credit

    03 Activity 2 *Property of STI


    Page 2 of 2

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