1.

Problems on adjusted Trial Balance

“X” companies Trial Balance on June 30, 2012 are as follows:

Accounts No Accounts Name Debit Credit

1. Cash 7150
2. Accounts Receivable 6000
3. Prepaid Insurance 3000
4. Supplies 2000
5. Office Equipment 15000
6. Accounts payable 4500
7. Unearned Service Revenue 4000
8. “X” Capital 21750
9. Service Revenue 7900
1. Salaries Expense 4000
11. Rent Expense 1000
Total 38150 38150

Other Data:

1. Supplies on hand at June, 30 are Tk. 1100.

2. A utility bill for Tk. 150 has not been recorded and will not be paid until next month.
3. The insurance policy is for a year.
4. Tk. 2500 of earned revenue has been earned at the end of the month.
5. Salaries of Tk. 1500 are accrued at june,30,
6. The office equipment has a 5 year life. It is being depreciated Tk. 250 per month.
7. Invoices representing Tk.2000 of service performed during the month have not been recorded as
of June, 30.

Requirements:

(a) Prepare adjusting entries.

(b) Prepare an adjusted Trial Balance at june30, 2012.
Requirement: (a)

“X” Company
Adjusting Entry
June 30, 2012

Date Accounts Name Ref Debit Credit

No
2012
June-30 Supplies expense……………………………………..Dr 900
Supplies…………………………………………..Cr 900

June-30 Utility expense……………………………………….Dr 150

Utility payable……………………………………..Cr 150

June-30 Insurance expense……………………………………Dr 250

Prepaid insurance………………………………….Cr 250

June-30 Unearned revenue…………………………………….Dr 2500

Service revenue…………………………………….Cr 2500

June-30 Salary expense……………………………………….Dr 1500

Salary payable…………………………………….Cr 1500

June-30 Depreciation expense………………………………..Dr 250

Accumulated depreciation office equipment……..Cr 250

June-30 Accounts receivable…………………………………Dr 2000

Service revenue…………………………………..Cr 2000
Requirement: (b)

“X” Company
Adjusted Trial Balance
December 31, 2012

Accounts Title Debit Credit

Cash 7,150
Accounts receivable 8,000
Prepaid insurance 2,750
Supplies 1100
Office equipment 15,000
Accounts payable 4,500
Unearned service revenue 1,500
X capital 21,750
Service revenue 12,400
Utility payable 150
Salary payable 1,500
Accumulated depreciation office equipment 250
Salary expense 5,500
Rent expense 1,000
Supplies expense 900
Utility expense 150
Insurance expense 250
Depreciation expense 250
Total 42,050 42,050