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Harrison Harrison
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6 years ago
Pale Ale Ltd. had the following trial balance as of June 30, 2014:
   Pale Ale Ltd.
   Trial Balance
   June 30, 2014   
   Debit   Credit
Cash   $10,600
Accounts receivable   13,200
Supplies   2,400
Prepaid insurance   1,500
Equipment   38,500
Accumulated depreciation-equipment      $8,300
Accounts payable      2,500
Unearned service revenue      8,900
Common shares      15,000
Retained earnings      10,100
Service revenue      35,000
Salary expense   11,200
Utilities expense   2,400   ________
   $79,800   $79,800

Additional information:
∙   Supplies used during the month, $450.
∙   Prepaid insurance expired during the month, $300.
∙   Depreciation on equipment for the month, $550.
∙   Unearned service revenue earned during the month, $2,200.
∙   Accrued salary expense at the end of the month, $650.

Based on the trial balance and the additional data, prepare an adjusted trial balance dated June 30, 2014.
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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Replies
wrote...
6 years ago
Pale Ale Ltd.
   Adjusted Trial Balance
   June 30, 2014
   Debit   Credit
Cash   $10,600
Accounts receivable   13,200
Supplies   1,950
Prepaid insurance   1,200
Equipment   38,500
Accumulated depreciation-equipment      $8,850
Accounts payable      2,500
Unearned service revenue      6,700
Salary payable      650
Common shares      15,000
Retained earnings      10,100
Service revenue      37,200
Salary expense   11,850
Supplies expense   450
Insurance expense   300
Depreciation expense-equipment   550
Utilities expense   2,400   _______
   $81,000   $81,000
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