assignment_mod_04_2.xlsx
Review the unadjusted trial balance for Smith Construction and the information needed for the month-end adjustments in the
Excel Template
.
Requirements:
- Prepare the adjusting entries for the period ending May 31.
- Prepare the adjusted trial balance for the period ending May 31.
>M4 Assignment
s and the information needed for the month-end adjustments follows.
$1, 00
used during the month $800
Receivable
Supplies 1,500 0 2,000 1,000 101,200 Accounts Debit Credit
Module 4 Assignment:
The unadjusted trial balance for
Smith Construction
Insurance coverage remaining at May 3
1
0
Supplies
Depreciation on the equipment was $2,400
Accrued utilities expense was $200 for the month. This will be paid in June
Accrued wages at May 31 were $
1,000
Revenues still unearned at month end were $
2,000
Smith Construction
Unadjusted Trial Balance
31-May
Account
Debit
Credit
10.
Cash
47,240
12.
Accounts
8,080
13.
Prepaid Insurance
1,500
14.
16.
Equipment
24,000
18.
Tools
1,200
20.
Accounts Payable
22.
Unearned Revenue
7,000
30.
Common Stock
42,500
32.
Dividends
3,900
40.
Service Revenue
51,700
50.
Salary Expense
10,780
52.
Rent Expense
54.
Repair Expense
Total
101,200
Requirements:
1
Prepare the adjusting entries.
Date
Post Ref.
2
Prepare the adjusted trial balance.
Smith Construction
Adjusted Trial Balance
31-May
Account Debit Credit