v2cengagenovcom CengageNOiv21 online teaching an Calculator

? v2.cengagenov.com CengageNOiv21 online teaching an- Calculator Continuing Problem Chapter 3-Instruction #1 Print hem The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 9,945 12 14 15 17 1,020 2,700 7,500 Prepaid Insurance Office Equipment Accounts Payable 23 7,200 Pryton Smith, Capital Peyton Smith, Drawing 41 16,200 Wages Expense 2,800 Office Rent Expense 1 more Check My Work uses remaining Next

Solution

PS MUSIC

Adjusted trail balance

JULY 31 2019

Particulars

Debit

Credit

Cash

9945

Accounts receivable (2750+1400)

4150

Supplies (1020-745)

275

Prepaid insurance (2700-225)

2475

Office equipment

7500

Accumulated depreciation - office equipment

50

Accounts Payable

8350

Wages Payable

140

Unearned income

3600

Peyton smith, capital

9000

Peyton smith, drawing

1750

Fess earned (16200+3600+1400)

21200

Wages expenses

2940

Office rent expenses

2550

Equipment rent expenses

1375

Utilities expenses

1215

Music expenses

3610

Advertising expenses

1500

Supplies expense (745+180)

925

Insurance expense

225

Depreciation expense

50

Miscellaneous expense

1855

42340

42340

PS MUSIC
Adjusted trail balance
JULY 31 2019
Particulars	Debit	Credit
Cash	9945
Accounts receivable (2750+1400)	4150
Supplies (1020-745)	275
Prepaid insurance (2700-225)	2475
Office equipment	7500
Accumulated depreciation - office equipment		50
Accounts Payable		8350
Wages Payable		140
Unearned income		3600
Peyton smith, capital		9000
Peyton smith, drawing	1750
Fess earned (16200+3600+1400)		21200
Wages expenses	2940
Office rent expenses	2550
Equipment rent expenses	1375
Utilities expenses	1215
Music expenses	3610
Advertising expenses	1500
Supplies expense (745+180)	925
Insurance expense	225
Depreciation expense	50
Miscellaneous expense	1855
	42340	42340