Use the following information to prepare the adjusted trial balance for Bella's Beauty Salon.Bella's Beauty Salon's unadjusted trial balance for the current year follows:
\(\begin{array}{c}
\text { BELLA'S BEAUTY SALON}\
\text { Trial Balance}\
\text { December 31}\
\begin{array}{|l|r|l|}
\hline \text { Cash } & \$ 4,200 & \
\hline \text { Prepaid insurance } & 1,480 & \
\hline \text { Shop supplies } & 990 & \
\hline \text { Shop equipment } & 3,860 &\
\hline \text { Accumulated depreciation - shop equipment } & & \$ 770 \
\hline \text { Building } & 57,500 & \
\hline \text { Accumulated depreciation - building } & & 3,840 \
\hline \text { Land } & 55,000 &\
\hline \text { Unearned rent } & & 1,600 \
\hline \text { Long-term notes payable } & & 50,000 \
\hline \text { Common stock } & & 10,000 \
\hline \text { Retained earnings } & & 39,860 \
\hline \text { Rent earned } & & 2,400 \
\hline \text { Fees earned } & & 23,400 \
\hline\text { Wages expense } & 3,200 & \
\hline \text { Utilities expense } & 690 & \
\hline \text { Property taxes expense } & 600 & \
\hline \text { Interest expense } & 4,350 & \
\hline \text { Totals } & \$ 131.870 & \$ 131.870 \
\hline
\end{array}\end{array}\)
Additional information:
a.An insurance policy examination showed $1,240 of expired insurance.
b.An inventory count showed $210 of unused shop supplies still available.
c.Depreciation expense on shop equipment,$350.
d.Depreciation expense on the building,$2,220.
e.A beautician is behind on space rental payments and this $200 of accrued revenue was unrecorded at the time the trial balance was prepared..
f.$800 of the Unearned Rent account balance was earned by year-end.
g.The one employee,a receptionist,works a five-day workweek at $50 per day.The employee was paid last week but has worked four days this week for which she has not been paid.
h.Three months' property taxes,totaling $450,have accrued.This additional amount of property taxes expense has not been recorded.
i.One month's interest on the note payable,$600,has accrued but is unrecorded.

Question

Use the following information to prepare the adjusted trial balance for Bella's Beauty Salon.Bella's Beauty Salon's unadjusted trial balance for the current year follows:
 \(\begin{array}{c}
\text { BELLA'S BEAUTY SALON}\
\text { Trial Balance}\
\text { December 31}\
\begin{array}{|l|r|l|}
\hline \text { Cash } & \$ 4,200 & \
\hline \text { Prepaid insurance } & 1,480 & \
\hline \text { Shop supplies } & 990 & \
\hline \text { Shop equipment } & 3,860 &\
\hline \text { Accumulated depreciation - shop equipment } & & \$ 770 \
\hline \text { Building } & 57,500 & \
\hline \text { Accumulated depreciation - building } & & 3,840 \
\hline \text { Land } & 55,000 &\
\hline \text { Unearned rent } & & 1,600 \
\hline \text { Long-term notes payable } & & 50,000 \
\hline \text { Common stock } & & 10,000 \
\hline \text { Retained earnings } & & 39,860 \
\hline \text { Rent earned } & & 2,400 \
\hline \text { Fees earned } & & 23,400 \
\hline\text { Wages expense } & 3,200 & \
\hline \text { Utilities expense } & 690 & \
\hline \text { Property taxes expense } & 600 & \
\hline \text { Interest expense } & 4,350 & \
\hline \text { Totals } & \$ 131.870 & \$ 131.870 \
\hline
\end{array}\end{array}\) 
Additional information:
a.An insurance policy examination showed $1,240 of expired insurance.
b.An inventory count showed $210 of unused shop supplies still available.
c.Depreciation expense on shop equipment,$350.
d.Depreciation expense on the building,$2,220.
e.A beautician is behind on space rental payments and this $200 of accrued revenue was unrecorded at the time the trial balance was prepared..
f.$800 of the Unearned Rent account balance was earned by year-end.
g.The one employee,a receptionist,works a five-day workweek at $50 per day.The employee was paid last week but has worked four days this week for which she has not been paid.
h.Three months' property taxes,totaling $450,have accrued.This additional amount of property taxes expense has not been recorded.
i.One month's interest on the note payable,$600,has accrued but is unrecorded.

Quizplus · Accepted Answer

The Answer of Use the following information to prepare the adjusted trial balance for Bella's Beauty Salon.Bella's Beauty Salon's unadjusted trial balance for the current year follows:
 \(\begin{array}{c}
\text { BELLA'S BEAUTY SALON}\
\text { Trial Balance}\
\text { December 31}\
\begin{array}{|l|r|l|}
\hline \text { Cash } & \$ 4,200 & \
\hline \text { Prepaid insurance } & 1,480 & \
\hline \text { Shop supplies } & 990 & \
\hline \text { Shop equipment } & 3,860 &\
\hline \text { Accumulated depreciation - shop equipment } & & \$ 770 \
\hline \text { Building } & 57,500 & \
\hline \text { Accumulated depreciation - building } & & 3,840 \
\hline \text { Land } & 55,000 &\
\hline \text { Unearned rent } & & 1,600 \
\hline \text { Long-term notes payable } & & 50,000 \
\hline \text { Common stock } & & 10,000 \
\hline \text { Retained earnings } & & 39,860 \
\hline \text { Rent earned } & & 2,400 \
\hline \text { Fees earned } & & 23,400 \
\hline\text { Wages expense } & 3,200 & \
\hline \text { Utilities expense } & 690 & \
\hline \text { Property taxes expense } & 600 & \
\hline \text { Interest expense } & 4,350 & \
\hline \text { Totals } & \$ 131.870 & \$ 131.870 \
\hline
\end{array}\end{array}\) 
Additional information:
a.An insurance policy examination showed $1,240 of expired insurance.
b.An inventory count showed $210 of unused shop supplies still available.
c.Depreciation expense on shop equipment,$350.
d.Depreciation expense on the building,$2,220.
e.A beautician is behind on space rental payments and this $200 of accrued revenue was unrecorded at the time the trial balance was prepared..
f.$800 of the Unearned Rent account balance was earned by year-end.
g.The one employee,a receptionist,works a five-day workweek at $50 per day.The employee was paid last week but has worked four days this week for which she has not been paid.
h.Three months' property taxes,totaling $450,have accrued.This additional amount of property taxes expense has not been recorded.
i.One month's interest on the note payable,$600,has accrued but is unrecorded.

Use the Following Information to Prepare the Adjusted Trial Balance