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.. Sprint, 12:59 PM * 54%- Unadjusted Trial Balance December 31 The table below

ID: 2578898 • Letter: #

Question

.. Sprint, 12:59 PM * 54%- Unadjusted Trial Balance December 31 The table below reflects the unadjusted trial balance of the Renaud Company as of December 31. In addition, adjustment data is listed below the table sted Trial Balance Account Title Balance Debit Credit Cash Accounts Receivable Pre-Paid Rent Office Supplies Equipment 16.3 70 16,500 2,530 1,800 29,000 $10,000 Accounts Payable Salaries Payable Unearned Revenue Renaud, Capital Renaud, Withdrawals 6,600 7.200 28,000 3,500 20,500 2,600 Rent Expense Supplies Expense Total 72.3 $72,300 Adjustment data on December 31 Unearned Revenue still unearned as of December 31, is $3,300 Pre-Paid Rent still in force as of December 31, is $2.400. Office Supplies used is $1,200. Depreciation, $350 Accrued Salaries Expense as of December 31, is $230. Grading This assignment is worth 40 points (correctly filling in the missing data fields is worth 2 points each).

Explanation / Answer

Adjusting Entries:

Renaud Company

Adjusted Trial Balance

December 31

Renaud Company

Income Statement

For the year ended December 31

Renaud Company

Statement of Owner's Equity

Year ended December 31

Renaud Company

Balance Sheet

December 31

Event Account Titles Debit Credit $ $ 1. Unearned Revenue 3,900 Service Revenue 3,900 2. Rent Expense 130 Prepaid Rent 130 3. Supplies Expense 1,200 Office Supplies 1,200 4. Depreciation Expense 350 Accumulated Depreciation : Equipment 350 5. Salaries Expense 230 Salaries Payable 230