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Chapter 3: 3-26E (page 166)

Refer to the data in Exercise E3-25, and prepare an adjusted trial balance.

Short Answer

Expert verified

Adjusted trial balance is shown as follows:

ALL MOPPED UP COMPANY

Adjusted Trial Balance

December 31, 2018

Balance

Account Title

Debit

Credit

Cash

$800

Office Supplies

300

Prepaid Insurance

20

Equipment

30,000

Accumulated Depreciation—Equipment

$2,500

Accounts Payable

2,400

Salaries Payable

310

Unearned Revenue

300

Common Stock

15,300

Dividends

5,000

Service Revenue

25,400

Salaries Expense

7,310

Supplies Expense

1,700

Depreciation Expense—Equipment

500

Insurance Expense

580

_______

Total

$46,210

$46,210

Step by step solution

01

Step-by-Step-SolutionStep 1: Definition on Adjusted Trial Balance

After the adjusting entries are recorded, it is posted into the ledger account, then the balance of these account is used to prepare adjusted trial balance.

02

Explanation on Trial Balance

In case of All mopped up company, the debit and credit balance equals $46,210 in adjusted trial balance.

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Most popular questions from this chapter

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