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tab The Adjusting Process 173 caps lock er 3 Requirements 1. Journalize the adjusting entries on December 31. 2. Using the unadjusted trial balance, open the T-accounts with the unadjusted balances. Post the adjusting entries to the T-accounts 3. Prepare the adjusted trial balance 4. How will Anniston Air Purification System use the adjusted trial balancei?
The Adu Learning obj P3 ISA Jourmaliving and posting apstments so the T.acoents snud prmparing an adljussed wial balance 125.600 Accounts Receiab Prepaid Rent 2.900 Acounts Payable Common Stock Service Revenue 300 Rent Experse 800 Supplies Expense Adbastmene data at Decemser 31 flow a On December 15, Anniston contracted so perfim services for a client receiving $3,100 in advance. Annissoe rocoeded this neceipt of cash as Uecarned Revcnc As of December 31, Anniston has completed $2,100 of the services. b. Annistoe prepaid two months of nent on Deccmber 1.(Assume the Prepid Rent balance as shown on the unadiustod erial balance nepncsents the two monchs of rent prepaid on December 1) c. Annisson used $750 of office supplies d. Depeeciation for the equipment is SH50 e. Anniston roccivod a bill for Decombers oaline adeertising $1,10 Anniston will nox pay the bill until Janary, Usc Accou Paie t Anniston pans its emplences on Monday for the pecvics wecks wages Ies cmployces carn suco fr a five-day workweek Dom1NT 316 โร6ฮ Wehal, this year g On Ocober 1, Annison agrced so powide s four mocth sem check (beginning (very mond,but pyment has ert yos horn reotued and ณ,enmes have been mude
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Answer #1

Adjusted Trial Balance is used to check if the debit balances equal credit balances of all accounts.

Its used to prepare financial statements namely, Income Statement, Balance Sheet and Stockholders Equity.

Anniston Air Purification System Journal entries Date Debit Calculation Account Unearned Revenue Service Revenue Credit $ 2,100 $ 2,100 $ 1,450 -2900/2 Rent expense Prepaid Rent $ 1,450 Supplies expense Office Supplies 750 $ 750 Depreciation expense- Equipment Accumulated Depreciation- Equipment 850 850 $ 1,100 Advertising expense Accounts Payable $ 1,100 $ 2,100 3500/5*3 Salaries expense Salaries Payable $ 2,100 Accounts Receivable $ 2,550 3400/43 Service Revenue $ 2,550Anniston Air Purification System T Accounts Date Debit Date CreditDate Debit Date Accounts Receivable Credit Date DebitDate CreditDate Debit Date Credit Cash Prepaid Rent Office Supplies Op ba 7,600 Op ba $19,700 $ 2,550 Op bal S 2,900b 1,450 Op ba $ 1,800c $750 $7,600 $22,250 $ 1,450 Accounts Payable S 1,050 Salaries Payable Bal Bal Bal Bal Equipment $ 22,000 Accum. Depr. -Equipment Op bal 3,900 $ 850 Op bal $2,900 1,100 Op ba $- Op bal S 2,100 Bal $22,000 Unearned Revenue Bal 4,750 Bal 4,000 Bal $2,100 Common Stock Dividends 2,100 Op ba 3,100 Op ba $43,800 Op ba $ 9,900 $ 9,900 1,450 Bal S 1,000 Bal $43,800 Bal Service Revenue Salaries expense 3,300 $ 2,100 Rent expense Depreciation expense Op ba $15,300 Op ba $850 $ 2,100 f $ 2,550 5,400 Supplies expense $ 750 Bal $19,950 Bal Bal $ 1,450 Bal $850 Advertising expense Op ba 1,800 $ 1,100 Bal $ 2,900 Bal $750 Bal BalAdjusted TB Credit Anniston Air Purification System Account Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation- Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries expense Rent expense Depreciation expense- Equipment Advertising expense Supplies expense Totals Unadjusted TB Debit Credit Debit 7,600 19,700 2,900 1,800 22,000 7,600 22,250 1,450 1,050 22,000 3,900 2,900 4,750 4,000 2,100 1,000 43,800 3,100 43,800 9,900 9,900 15,300 19,950 3,300 5,400 1,450 850 2,900 750 75,600 1,800 69,000 69,000 75,600

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