Pioneer Advertising Agency
Pioneer Advertising Agency
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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 Insurance | 864 | ||
| Office Equipment | 7,800 | ||
| Notes Payable | $5,007 | ||
| Accounts Payable | 2,362 | ||
| Unearned Revenue | 1,236 | ||
| C.R. Byrd, Capital | 10,080 | ||
| C.R. Byrd, Drawing | 478 | ||
| Service Revenue | 12,813 | ||
| Salaries Expense | 3,879 | ||
| Rent Expense | 769 | ||
| $31,498 | $31,498 |
Assume the following adjustment data.
- Advertising supplies on hand at October 31 total $530.
- Expired insurance for the month is $144.
- Depreciation for the month is $78.
- Unearned revenue earned in October totals $618.
- Services provided but not recorded at October 31 are $228.
- Interest accrued at October 31 is $87.
- Accrued salaries at October 31 are $1,489.
Instructions
Prepare the adjusting entries for the items above.
| Date | Account/Description | Debit | Credit | |
| 1. | Oct.31 | |||
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| 2. | Oct.31 | |||
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| 3. | Oct.31 | |||
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| 4. | Oct.31 | |||
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| 5. | Oct.31 | |||
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| 6. | Oct.31 | |||
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| 7. | Oct.31 | |||
