B Prepare and adjusted trial balance as at 30 June 2016 ALEX

ALEX BUSBY, MARKETING SERVICES Unadjusted Trial Balance as at 30 June 2016 Account name Debit $ Credit $ Cash at bank Accounts receivable 36 330 75 950 7 350 9 555 14 070 42 700 Prepaid rent Prepaid insurance Office supplies Office equipment Accumulated depreciation-office equipment Accounts payable Unearned fees Loan payable A. Busby, Capital A. Busby, Drawings Services revenue Salary expense Telephone expense Rent expense 8 645 42 000 3 850 28 210 258 100 182 000 284 400 200 200 21 350 35 700 $625205$625 205

Solution

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Debit Credit 1) Supplies expense Dr                      12,110.00 To Supplies                      12,110.00 (14070- 1960) ii) Insurance expense DR                        5,460.00 To prepaid Insurance                        5,460.00 (9555/7*4) iii) Depreciation expense DR                        3,570.00 To Accumulated depreciation                        3,570.00 iv) Rent Expense DR                        2,450.00 To prepaid rent                        2,450.00 (7350/3*1) v) Interest expense Dr                        1,820.00 To Interest Payable                        1,820.00 vi) Unearned fees dr                        1,925.00 To Service revenue                        1,925.00 (3,850/2) Particulars Debit Credit Cash at Bank                      36,330.00 Accounts receivable                      75,950.00 Prepaid rent = 7350 - 2450                        4,900.00 Prepaid Insurance = 9555 - 5460                        4,095.00 Office supplies =14070 -12110                        1,960.00 Office equipment                      42,700.00 Accumulated depreciation = 8645 + 3570                      12,215.00 Accounts payable                      42,000.00 Unearned fees = 3850 - 1925                        1,925.00 Loan Payable                      28,210.00 Interest Payable                        1,820.00 A Busby Capital                    258,100.00 A Busby drawings                    182,000.00 Service revenue = 284400 + 1925                    286,325.00 Salary expense                    200,200.00 Telehone expense                      21,350.00 Supplies expense                      12,110.00 Insurance expense                        5,460.00 Depreciation expense                        3,570.00 Interest expense                        1,820.00 Rent expense = 35700 + 2450                      38,150.00 Total                    630,595.00                    630,595.00