Question

What is the unadjusted trial balance as of Dec. 31? I will give a thumbs down if answered incorrectly.

ou need to complete the accounting cycle for Jordan Company for the month of December 31, 2018. 1. Prepare the general journal entries to record these transactions using the accounts below. Dec. 1 Jordan invests$45,000 cash along with office equipment valued at $9,000 in the company in exchange for common stock. Dec. 2 The company purchased$1600 office supplies on credit. Dec. 6 The company completed a job and received $8,800 cash. Dec. 15 The company prepaid Dec. 18 The company purchased $7,200 in office equipment on credit. Dec. 20 The company completed an $5,700 job for a client on credit. Dec. 22 The company paid cash of $1,600 on accounts payable from Dec. 18. Dec. 30 The comp Dec. 31 The company received Dec. 31 The company paid cash of $500 in dividends. $12,000 for 12 months rent for office space. for this month's electric bill. cash from the client billed on Dec. 20. any paid cash of $315 $2,500 101 Cash 102 Accounts Receivable 105 Office Supplies 120 Prepaid Rent 160 Office Equipment 161 Accumulated Depreciation - Office Equipment 201 Accounts Payable 307 Common Stock 312 Dividends 330 Retained Earnings 401 Services Revenue 600 Depreciation Expense 601 Utilities Expense 602 Office Supplies Expense 603 Rent Expense 2. Post the entries from Req. 1 to the ledger (T accounts) and enter the balance at the end of the month. 3. Prepare an unadjusted trial balance as of Dec. 31. 4. Prepare adjusting entries to reflect adjustments a-d. $350.00 a. The month's depreciation on the office equipment is b. One month of the prepaid rent has expired. c. The inventory of supplies shows d. The company has earned$1,000 of services that are not billed at month-end. $250 of supplies still available. 1

Answer 1

Unadjusted Trial Balance

	Debit	Credit
Cash	41885
Account receivable	3200
Supplies	1600
Prepaid rent	12000
Equipment	16200
Account payable		7200
Common Stock		54000
Dividend	500
Service revenue		14500
Electricity expense	315
Total	75700	75700