The unadjusted trial balance for Flounder Corp. is shown below.
Assume the following adjustment data.
|1.||Supplies on hand at October 31 total $610.|
|2.||Expired insurance for the month is $115.|
|3.||Depreciation for the month is $95.|
|4.||As of October 31, services worth $940 related to the previously recorded unearned revenue had been performed.|
|5.||Services performed but unbilled (and no receivable has been recorded) at October 31 are $230.|
|6.||Interest expense accrued at October 31 is $75.|
|7.||Accrued salaries at October 31 are $1,535.|
Prepare the adjusting entries for the items above. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
FLOUNDER CORP Trial Balance October 31, 2017 Debit $15,150 2,660 690 4,700 Credit Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,700 2,800 1,650 11,390 500 13,800 4,000 6,640 $34,340 $34,340