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The trial balance for Pioneer Advertising Agency shows the following: $26,218 $2

ID: 2376244 • Letter: T

Question

The trial balance for Pioneer Advertising Agency shows the following:

$26,218

$26,218

Assume the following adjustment data.

Instructions

Prepare the adjusting entries for the items above.

PIONEER ADVERTISING AGENCY Trial Balance October 31, 2010

Debit Credit Cash $15,055

Advertising Supplies 2,281

Prepaid Insurance 864
Office Equipment 2,500
   Notes Payable
$4,924 Accounts Payable
2,281 Unearned Revenue

1,458 C.R. Byrd, Capital

11,020 C.R. Byrd, Drawing 519

Service Revenue

6,535 Salaries Expense 4,092

Rent Expense 907

$26,218


$26,218

Explanation / Answer

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