? v2.cengagenov.com CengageNOiv21 online teaching an- Calculator Continuing Prob

ID: 2399220 • Letter: #

Question

? v2.cengagenov.com CengageNOiv21 online teaching an- Calculator Continuing Problem Chapter 3-Instruction #1 Print hem The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 9,945 12 14 15 17 1,020 2,700 7,500 Prepaid Insurance Office Equipment Accounts Payable 23 7,200 Pryton Smith, Capital Peyton Smith, Drawing 41 16,200 Wages Expense 2,800 Office Rent Expense 1 more Check My Work uses remaining Next

Explanation / Answer

PS MUSIC

Adjusted trail balance

JULY 31 2019

Particulars

Debit

Credit

Cash

9945

Accounts receivable (2750+1400)

4150

Supplies (1020-745)

275

Prepaid insurance (2700-225)

2475

Office equipment

7500

Accumulated depreciation - office equipment

Accounts Payable

8350

Wages Payable

140

Unearned income

3600

Peyton smith, capital

9000

Peyton smith, drawing

1750

Fess earned (16200+3600+1400)

21200

Wages expenses

2940

Office rent expenses

2550

Equipment rent expenses

1375

Utilities expenses

1215

Music expenses

3610

Advertising expenses

1500

Supplies expense (745+180)

925

Insurance expense

225

Depreciation expense

Miscellaneous expense

1855

42340