The following is the Bravo Unlimited unadjusted Trial Balance. Bravo Unlimited U

Q: The following is the Bravo Unlimited unadjusted Trial Balance. Bravo Unlimited U

Calculate adjusted amount : 4. No. Transaction Amount 1. Cash 88450 2. Prepaid rent (12000-3000) 9000 3. equipment 295285 4. Accumlated dep (224260+11500) 235760 5. Wages payable (0+12000) 12000 6. Rent expenses (60500+3000) 63500 7. Wages expenses (527260+12000) 539260 8. Depreciation expenses (144000+11500) 155500

ID: 2609120 • Letter: T

Question

The following is the Bravo Unlimited unadjusted Trial Balance.

Bravo Unlimited

Unadjusted Trial Balance

December 31, 2016

Account Title

Debit

Credit

Cash

$88,450

Accounts Receivable

331,860

Supplies

6,255

Prepaid Rent

12,000

Equipment

295,285

Accumulated Depreciation

$224,260

Accounts Payable

73,555

Wages Payable

Capital Stock

220,000

Retained Earnings

111,145

Service Revenue

893,105

Interest Income

1,500

Rent Expense

60,500

Wages Expense

527,260

Supplies Expense

42,520

Utilities Expense

8,595

Depreciation Expense

144,000

Interest Expense

6,840

________

Totals

$1,523,565

Adjusting Items:

1. The prepaid rent covers December 2016 thru March 2017 rents.

2. December depreciation on equipment is $11,500 per month.

3. At year end Wages of $12,000 were earned but unpaid.

Bravo prepares monthly adjusting entries. Use this information to determine the adjusted account balances for the following:

1. Cash

2. Prepaid Rent

3. Equipment

4. Accumulated Depreciation

5. Wages Payable

6. Rent Expense

7. Wages Expense

8. Depreciation Expense