Question Hep The snadjusted trial balance of Avery Air Purif

Question Hep The snadjusted trial balance of Avery Air Purification System at December 31, 20%, and the data needed for the adustments follow EEBClick the loon to view the tril belance Data Table lClick the loon to view the adjusting entry information 1. Joumalize the adjuting entries on December 31 2. The T400ourts. with ther ugdkastod balances have been oooned for you Poat the adingermes to the T400oures 3. Prepara adjusted bui balance 4. How will Avey Air Purification Systum use the aSusted tial balance Avery Air Purifisation System Unadjusted Trial Balance December 31, 2016 the expianation on the lst More Ino recorded receipt of Aecount THie 7,300 Adjustment date at December 31 follow on December ,5. Avery eer need to perform services or . eFent receiving $3.200 in advance Avery eorded tis receipt of cash as Uneamed Revenue. As o December 31 Avery es ompleed $2,100 ef the services Accounts Receable Prepaid Rent Office Supplies ,400 b Avery prepaid wo monns ofre on December Avery used $000 of office supplies. . Avery receiveda bill for December\'s enine avertising 51,200. Avery will not pay the bl Aocounts Pyable Salaries Peyable Uneamed Revere Avery Capita Avery pays semployees on Monday for te previous wk wages employes eam On Oetober 1, Avery agreed to provide a four-month air sysem heck egiing October 1) Nor a customar for $3,600 Avery has completed the system chack every morth but payment Pes not yet been received and have teen made yWithdrawals Service Rever Salaries Espene Rent Experne ,200 100 3,500 Print Done

Solution

Answer a. Journal Entry Date Particulars Dr. Amt. Cr. Amt. a. Unearned Revenue      2,100.00 Service Revenue      2,100.00 (record the unearned revenue earned) b. Rent Expenses      1,350.00 Prepaid Rent      1,350.00 (record the rent expenses for dec) c. Supplies Expense          400.00 Office Supplies          400.00 (record the supplies used) d. Depreciation Expenses - Equipment          600.00 Accumulated Deprecition - Equipment          600.00 (record the depreciation expense) e. Advertising Expense      1,200.00 Accounts Payable      1,200.00 (record the advertising expense) f. Salaries Expense          900.00 Salaries Payable          900.00 (record the salaries due) Salaries Exp. = $1,500 X 3/5 = $900 g. Accounts Receivable      2,700.00 Service Revenue      2,700.00 (record the service revenue earned) Service Revenue = $3,600 X 3/4 = $2,700 Answer b. Cash Accounts Receivable Prepaid Rent Bal.      7,300.00 Bal.    19,500.00 Bal.    2,700.00 1350    b. g.      2,700.00 End. Bal.      7,300.00 End. Bal.    22,200.00 End. Bal.    1,350.00 Office Supplies Equipment Accumulated Depreciation - Equip. Bal.      1,400.00          400.00 c. Bal.    19,600.00 Bal.      3,800.00          600.00 d. End. Bal.      1,000.00 End. Bal.    19,600.00 End. Bal.      4,400.00 Accounts Payable Salaries Payable Unearned Revenue Bal.      2,800.00 Bal.                   -   Bal.      3,200.00      1,200.00 e.          900.00 f. a.    2,100.00 End. Bal.      4,000.00 End. Bal.          900.00 End. Bal.      1,100.00 Awery, Capital Awery, Withdrawls Service Revenue Bal.    38,900.00 Bal.      9,200.00 Bal.    16,100.00      2,100.00 a.      2,700.00 g. End. Bal.    38,900.00 End. Bal.      9,200.00 End. Bal.    20,900.00 Salaries Expense Rent Expense Depreciation Expense - Equip. Bal.      3,500.00 Bal.                   -   Bal.                 -   f.          900.00 b.      1,350.00 d.       600.00 End. Bal.      4,400.00 End. Bal.      1,350.00 End. Bal.       600.00 Advertising Expense Supplies Expense Bal.      1,600.00 Bal.                   -   e.      1,200.00 c.          400.00 End. Bal.      2,800.00 End. Bal.          400.00 Answer c. Avery Air Purification System Adjusted Trial Balance As at Dec 31, 2016 Accounts Title Debits Credits Cash        7,300.00 Accounts Receivable     22,200.00 Prepaid Rent        1,350.00 Office Supplies        1,000.00 Service Revenue     20,900.00 Equipment     19,600.00 Accumulated Depreciation - Equip.        4,400.00 Accounts Payable        4,000.00 Salaries Payable           900.00 Unearned Revenue        1,100.00 Awery, Capital     38,900.00 Awery, Withdrawls        9,200.00 Salaries Expense        4,400.00 Rent Expense        1,350.00 Depreciation Expense - Equip.           600.00 Advertising Expense        2,800.00 Supplies Expense           400.00 Total     70,200.00     70,200.00                     -   Answer d. After Unadjusted Trial Balance, The Company will make its Financial Statements (Income Statement, Balance Sheet, Retained Earning Statement and Cash Flow Statement)