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(Solved): The trial balance for Sheridan Advertising is shown below. The trial balance for Sheridan Advertisi ...
The trial balance for Sheridan Advertising is shown below.
The trial balance for Sheridan Advertising is shown below. Assume the following adjustment data. 1. Supplies on hand at October 31 total $500. 2. Expired insurance for the month is $80. 3. Depreciation for the month is $60. 4. Services related to unearned service revenue in October worth $600 were performed. 5. Services performed but not recorded at October 31 are $300. 6. Interest to be accrued at October 31 is $70. 7. Salaries to be accrued at October 31 are $2,000.
Prepare the adjusting entries for the items above. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)