The trial balance for pioneer advertising agency shows the following:
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.
