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Prepare the adjusting entries for the items given

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Reference no: EM131220204

The trial balance for Pioneer Advertising Agency shows the following.

Pioneer Advertising Agency Inc.
Trial Balance
October 31, 2014

Debit

Credit

Cash

$14,818

Supplies

2,110

Prepaid Insurance

653

Equipment

5,056

Notes Payable

$4,423

Accounts Payable

2,168

Unearned Service Revenue

1,544

Common Stock

8,506

Retained Earnings

0

Dividends

697

Service Revenue

11,141

Salaries and Wages Expense

3,589

Rent Expense

859

$27,782

$27,782

Assume the following adjustment data.

1.Supplies on hand at October 31 total $677.
2.Expired insurance for the month is $260.
3.Depreciation for the month is $86.
4.Services related to unearned service revenue in October worth $682 were performed.
5.Services performed but not recorded at October 31 are $210.
6.Interest accrued at October 31 is $93.
7.Accrued salaries at October 31 are $1,429.

Prepare the adjusting entries for the items above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Reference no: EM131220204

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