Bryan Consultants had the following balances before preparing adjusting entries in the books on December 31, 2017

Question

Cash $6,000 Dividends $3,000
Accounts Receivable 2,000 Service Revenue 10,600
Office Supplies 1,800 Salaries Expense 4,000
Equipment 15,000 Rent Expense 800

Accumulated Depreciation- 9,000 Depreciation Expense- 1,500
Equipment Equipment
Common Stock 15,000 Supplies Expense 500

Prepare the adjusted trial balance after considering these adjustments:
a. Office Supplies used, $800. Assume the office supplies were initially recorded as an asset.
b. Accrued salaries on December 31, $600.
c. Revenue earned but not recorded, $200.

What will be an ideal response

Answer 1

Bryan Consultants
Adjusted Trial Balance
December 31, 2017
Balance
Account Title Debit Credit
Cash $ 6,000
Accounts Receivable 2,200
Office Supplies 1,000
Equipment 15,000
Accumulated Depreciation—Equipment $ 9,000
Salaries Payable 600
Common Stock 15,000
Dividends 3,000
Service Revenue 10,800
Supplies Expense 1,300
Salaries Expense 4,600
Rent Expense 800
Depreciation Expense—Equipment 1,500 ______
Total $35,400 $35,400