This problem continues the Daniels Consulting situation

from Problem P2 41 #370

This problem continues the Daniels Consulting situation from Problem P2-41 of Chapter 2. You
will need to use the unadjusted trial balance and posted T-accounts that you prepared in
Problem P2-41. The unadjusted trial balance at December 31, 2016, is duplicated below:At
December 31, the business gathers the following information for the adjusting entries:a.
Accrued service revenue, $1,500.b. Earned $600 of the service revenue collected in advance
on December 21.c. Office supplies on hand, $300.d. Depreciation on equipment, $60;
Depreciation on furniture, $50.e. Accrued $685 expense for administrative assistants
salary.Requirements1. Journalize and post the adjusting entries using the T-accounts that you
completed in Problem P2-41. In the T-accounts, denote each adjusting amount as Adj. and an
account balance as Balance.2. Prepare an adjusted trial balance as of December 31,
2016.View Solution:
This problem continues the Daniels Consulting situation from Problem P2 41

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