The trial balance for Pioneer Advertising Agency shows the following:

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The trial balance for Pioneer Advertising Agency shows the following:

 

PIONEER ADVERTISING AGENCY
Trial Balance
October 31, 2010 
  Debit Credit
Cash$15,346  
Advertising Supplies  2,362  
Prepaid Insurance864  
Office Equipment7,800   
Notes Payable  $5,007
Accounts Payable  2,362
Unearned Revenue  1,236
C.R. Byrd, Capital  10,080
C.R. Byrd, Drawing478  
Service Revenue  12,813
Salaries Expense3,879  
Rent Expense769  
 

$31,498

 

$31,498

Assume the following adjustment data.

 

  1. Advertising supplies on hand at October 31 total $530.
  2. Expired insurance for the month is $144.
  3. Depreciation for the month is $78.
  4. Unearned revenue earned in October totals $618.
  5. Services provided but not recorded at October 31 are $228.
  6. Interest accrued at October 31 is $87.
  7. Accrued salaries at October 31 are $1,489.

Instructions

Prepare the adjusting entries for the items above.

 

 DateAccount/DescriptionDebitCredit
1.Oct.31 
            
2.Oct.31 
            
3.Oct.31 
            
4.Oct.31 
            
5.Oct.31 
            
6.Oct.31 
            
7.Oct.31 
             

 

 

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