Exercise 411 The unadjusted trial balance for Flint Corporat

Exercise 4-11

The unadjusted trial balance for Flint Corporation is shown below.

FLINT CORPORATION
Trial Balance
October 31, 2017

$32,100

$32,100

Assume the following adjustment data.

Prepare the adjusting entries for the items above. (If no entry is required, select \"No Entry\" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

No.

Date

Account Titles and Explanation

Debit

Credit

Open Show Work

FLINT CORPORATION Trial Balance October 31, 2017
		Debit		Credit
Cash		$15,480
Supplies		3,000
Prepaid Insurance		660
Equipment		4,550
Notes Payable				$4,550
Accounts Payable				2,110
Unearned Service Revenue				1,920
Common Stock				10,280
Retained Earnings				0
Dividends		630
Service Revenue				13,240
Salaries and Wages Expense		4,000
Rent Expense		3,780
		$32,100		$32,100

Solution

1 31-Oct Supplies Expense 2330 =3000-670        Supplies 2330 2 31-Oct Insurance Expense 110        Prepaid Insurance 110 3 31-Oct Depreciation Expense 105        Accumulated Depreciation-Equipment 105 4 31-Oct Unearned Service Revenue 930        Service Revenue 930 5 31-Oct Accounts Receivable 330        Service Revenue 330 6 31-Oct Interest Expense 80         Interest Payable 80 7 31-Oct Salaries and Wages Expense 1560         Salaries and Wages Payable 1560