The unadjusted trial balance of Sweet Cheeks Facial Spa is

#691
The unadjusted trial balance of Sweet Cheeks Facial Spa is shown as follows:Additional
Information:1. Rent expires at a rate of $700 per month.2. Monthly depreciation on equipment is
$300.3. Interest on the 6% promissory note is paid quarterly on April 1, July 1, October 1, and
January 1.4. Performed services for which payment was received in April, $800.5. Received
utility bill to be paid next month, $500.6. Services to customers earned during June but
unrecorded at June 30, $2,500.7. Supplies on hand totaled $1,500 at June 30.8. Owed
employees for salaries for the last week of June to be paid in July, $800.9. Prime Realty
prepares adjusting entries each quarter. Adjustments were last made on March 31.Requireda.
Prepare all adjusting journal entries for the quarter ending June 30.b. Post journal entries to T-
accounts using totals on the unadjusted trial balance as the opening balances.c. Prepare an
adjusted trial balance as of June 30.d. Prepare an income statement and a statement of
retained earnings for the six months ending June 30.e. Prepare a classified balance sheet as of
June 30.View Solution:
The unadjusted trial balance of Sweet Cheeks Facial Spa is

ANSWER
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