Question :The worksheet of Macey’s Landscaping Services follows but is incomplete.Requirements 1. Calculate and enter the adjusted account balances in the Adjusted Trial Balance columns. 2. Describe each adjusting entry. For example, a. Prepaid rent expires, $1,150.

MACEY'S LANDSCAPING SERVICES

Worksheet

December 31, 2018

Account Names

Unadjusted Trial Balance

Adjustments

Adjusted Trial Balance

Debit

Credit

Debit

Credit

Debit

Credit

Cash

$27,400

$27,400

Accounts Receivable

6,700

(h)

$3,500

10,200

Office Supplies

500

(b)

$350

150

Prepaid Rent

2,300

(a)

1,150

1,150

Equipment

50,000

50,000

Accumulated Depreciation—Equipment

(c)

$1,300

1,300

Trucks

114,000

114,000

Accumulated Depreciation—Trucks

(d)

1,900

1,900

Accounts Payable

$3,800

3,800

Utilities Payable

300

300

Salaries Payable

(f)

7,200

7,200

Interest Payable

(g)

300

300

Unearned Revenue

4,500

(e)

3,200

1,300

Notes Payable

25,000

25,000

Common Stock

141,900

141,900

Dividends

21,000

21,000

Service Revenue

84,000

(e,h)

6,700

90,700

Rent Expense

9,200

(a)

1,150

10,350

Salaries Expense

23,800

(f)

7,200

31,000

Supplies Expense

(b)

350

350

Utilities Expense

4,600

4,600

Depreciation Expense—Equipment

(c)

1,300

1,300

Depreciation Expense—Trucks

(d)

1,900

1,900

Interest Expense

(g)

300

300

Total

$259,500

$259,500

$18,900

$18,900

$273,700

$273,700