Question Completion:
Interest owed but not yet paid: 10,800
Supplies on hand: 15,000
Truck depreciation expense 35,200
Unpaid wages earned by employees: 3,500
Unearned revenue that has been earned: 2,000
Answer:
Maple Moving Company
Trial Balance
As of December 31, 2016
Unadjusted Adjustments Adjusted
Trial Balance Trial Balance
DR. CR. DR. CR. DR. CR.
Cash 62,500 62,500
Accounts Receivable 51,000 51,000
Supplies 67,600 52,600 15,000
Trucks 176,000 176,000
Accumulated Depreciation 17,600 35,200 52,800
Accounts Payable 37,500 37,500
Interest Payable - 10,800 10,800
Wages Payable - 3,500 3,500
Unearned Revenue 6,600 2,000 4,600
Notes Payable 100,000 100,000
Common Stock 66,000 66,000
Retained Earnings 23,400 23,400
Service Revenue 167,000 2,000 169,000
Wages Expense 61,000 3,500 64,500
Supplies Expense - 52,600 52,600
Depreciation Expense - 35,200 35,200
Interest Expense - 10,800 10,800
Totals $418,100 $418,100 $104,100 $104,100 $467,600 $467,600
Explanation:
a) Unadjusted Trial Balance
As of December 31, 2016
Cash 62500
Accounts Receivable 51000
Supplies 67600
Trucks 176000
Accumulated Depreciation 17600
Accounts Payable 37500
Interest Payable -
Wages Payable -
Unearned Revenue 6600
Notes Payable 100,000
Common Stock 66000
Retained Earnings 23400
Service Revenue 167000
Wages Expense 61000
Supplies Expense -
Depreciation Expense -
Interest Expense -
