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Preparing an adjusted trial balance
Famous Cut Hair Stylists has begun the preparation of its adjusted trial balance as follows:
FAMOUS CUT HAIR STYLISTS
Preparation of Adjusted Trial Balance
31-Dec-12
Trial Balance
Adjustments
Adjusted Trial Balance
Account
Debit
Credit
Cash
$ 800
Supplies
900
Equipment
19,100
Accumulated depreciation
1,000
Accounts payable
200
Interest payable
Note payable
2,500
Fabio, capital
7,400
Service revenue
14,800
Rent expense
4,500
Supplies expense
Depreciation expense
Interest expense
600
Total
$25,900
5
4
Year-end data include the following:
a. Supplies on hand, $300.
b. Depreciation, $1,000.
c. Accrued interest expense, $600.
Requirement
1. Complete Famous Cut's adjusted trial balance. Key each adjustment by letter.
objectives1 demonstrate an ability to provide eliminating as well as adjusting entries in the preparation of
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