{"id":21854,"date":"2021-11-26T22:08:40","date_gmt":"2021-11-26T22:08:40","guid":{"rendered":"https:\/\/academicwritersbay.com\/answers\/accounting-adjusted-trial-balance-accounting-homework-help\/"},"modified":"2021-11-26T22:08:40","modified_gmt":"2021-11-26T22:08:40","slug":"accounting-adjusted-trial-balance-accounting-homework-help","status":"publish","type":"post","link":"https:\/\/academicwritersbay.com\/answers\/accounting-adjusted-trial-balance-accounting-homework-help\/","title":{"rendered":"Accounting adjusted trial balance | Accounting homework help"},"content":{"rendered":"<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0Task 3: After \u00a0\u00a0\u00a0\u00a0you\u2019ve completed the trial balance, Sophia tells you that a number of \u00a0\u00a0\u00a0\u00a0internal business transactions occurred during the year but were not \u00a0\u00a0\u00a0\u00a0recorded. You must use this information to prepare adjusting entries and an \u00a0\u00a0\u00a0\u00a0adjusted trial balance, which are steps 5 and 6 in the accounting \u00a0\u00a0\u00a0\u00a0cycle. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0A. On December 1 received cash of $360 for \u00a0\u00a0three months of Cleaning Services beginning December 1. \u00a0\u00a0\u00a0B. HHEC received employee services for the \u00a0\u00a0last two days of December amounting to $250, to be paid in Year 2. \u00a0\u00a0\u00a0C. As of December 31, Year 1, HHEC provided 25 \u00a0\u00a0hours of cleaning services at $20 per \u00a0\u00a0hour to be billed in January Year 2. \u00a0\u00a0\u00a0D. On December 31, Year 1, HHEC recorded \u00a0\u00a0depreciation on its Office Equipment of $50 \u00a0\u00a0\u00a0\u00a0E. On December 31, Year 1, HHEC record \u00a0\u00a0depreciation on Building of $1,980 \u00a0\u00a0\u00a0\u00a0\u00a0F. On December 31, Year 1, $100 of insurance \u00a0\u00a0had been used. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0G On December 31, Year 1, $400 of supplies \u00a0\u00a0had been used \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0HHEC \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Trial Balance \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0December 31, Year 1 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Cash 6,855 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Accounts \u00a0\u00a0Receivable 2,200 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Supplies \u00a02,800 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Prepaid \u00a0\u00a0Insurance \u00a02,400 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Building 10,000 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Office \u00a0\u00a0Equipment 1,800 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Accounts \u00a0\u00a0Payable \u00a0\u00a0\u00a01,850 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Sisters, \u00a0\u00a0Capital \u00a0\u00a015,000 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Sisters, Withdrawals 4,000 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Clearning \u00a0\u00a0Revenues \u00a0\u00a018,660 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Wages Expense 4,275 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Utilities \u00a0\u00a0Expense 985 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Miscellaneous \u00a0\u00a0Expense 195 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total 35,510 35,510 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0Task 3: After \u00a0\u00a0\u00a0\u00a0you\u2019ve completed the trial balance, Sophia tells you that a number of \u00a0\u00a0\u00a0\u00a0internal business transactions occurred during the year but were&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-21854","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/academicwritersbay.com\/answers\/wp-json\/wp\/v2\/posts\/21854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/academicwritersbay.com\/answers\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/academicwritersbay.com\/answers\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/academicwritersbay.com\/answers\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/academicwritersbay.com\/answers\/wp-json\/wp\/v2\/comments?post=21854"}],"version-history":[{"count":0,"href":"https:\/\/academicwritersbay.com\/answers\/wp-json\/wp\/v2\/posts\/21854\/revisions"}],"wp:attachment":[{"href":"https:\/\/academicwritersbay.com\/answers\/wp-json\/wp\/v2\/media?parent=21854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/academicwritersbay.com\/answers\/wp-json\/wp\/v2\/categories?post=21854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/academicwritersbay.com\/answers\/wp-json\/wp\/v2\/tags?post=21854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}