Homework: Week 3-Chapter 03 problems Sav HW Score: 21.82%-1.09 of 5 Score: 0 of

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Homework: Week 3-Chapter 03 problems Sav HW Score: 21.82%-1.09 of 5 Score: 0 of 1 pt P3-41B (similar to) The unadjusted trial balance of Adveta Air Purification System at December 31, 2016, and the data needed for the adjustments follow. Question Help (Click the icon to view the adjusting entry information.) (Click the icon to view the trial balance.) EE 1. Journalize the adjusting entries on December 31 2 The Taccounts, along with their unadjusted balances have been opened for you Post the adjusting entries to the T-acounts. 3. Prepare the adjusted trial balance 4. How will Adveta Air Purification System use the adjusted trial balance? Requirement 1. Journalize the adjusting entries on December 31. (Record debits first then credits Select the explanation on the last line of the journal entry table.) a. On December 15, Adveta contracted to perform services for a client recelving $2,500 in advance. Adveta recorded this receipt of cash as Unearned Revenue. As of December 31, Adveta has completed $1,500 of the services. Accounts and Explanation DebitCredit Date (a) Dec 31

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Part D: Adjusted trial balance will be used to create financial statements (PnL, Balance Sheet etc). After creation, temporary accounts will be closed to retained earning.

Part a Date Account Debit Credit Dec 31 Unearned Revenue 1500 Dec 31 Service Revenue 1500 Dec 31 Rent Expense 1250 Dec 31 Prepaid Rent 1250 Dec 31 Supplies Expense 500 Dec 31 Office Supplies 500 Dec 31 Depreciation Expense 500 Dec 31 Accumulated Depreciation 500 Dec 31 Advertising Expense 1200 Dec 31 Accounts Payable 1200 Dec 31 Salaries Expense 2100 Dec 31 Salaries Payable 2100 Dec 31 Accounts Receivable 900 Dec 31 Service Revenue 900

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