Partial Adjusted Trial Balance Partial Trial Balance (Debit) (Credit) (Debit)(Cr
ID: 2334927 • Letter: P
Question
Partial Adjusted Trial Balance Partial Trial Balance (Debit) (Credit) (Debit)(Credit S3,960 $0 Depreciation Expense Interest Payable Bad Debts Expense Utilities Expense Rental Revenue Income Tax Expense $810 $0 410 1,682 1,480 2,635 1,650 2,740 380 Prepaid Insurance 1,742 540 Office Salaries Payable 800 Rent Expense Accumulated Depreciation Interest Receivable Prepaid Rent Office Salaries Expense Income Taxes Payable Insurance Expense Allowance for Doubtful Accounts Interest Expense 14,820 18,780 320 800 6,140 1,600 5,600 2,740 300 662 130 540 810 600 0 620 Unearned Rent Utilities Payable Interest Revenue Sales Salaries Expense Office Supplies Rent Receivable Advances to Salespersons Office Supplies Expense 202 940 7,850 700 385 220 450 7,300 1,150 770Explanation / Answer
1 2 Transactions Debit Credit Not Reversing entry Depreciation Expense $3,960 To Accumulated Depreciation $3,960 (Being adjustment entry for depreciation) Interest Expense $810 Reversal Entry To Interest Payable $810 (Being adjustment for interest expense) Bad Debt Expense $410 Not Reversing entry To Allowance for Doubtful accounts $410 (Being adjustment for bad debt) Utilities Expense $202 Reversal Entry To Utilities Payable $202 (Being adjustment for utilities expense) Unearned Rent $600 Not Reversing entry Rent Receivable $385 To Rental Revenue $985 (Being adjustment for rental revenue) Income Tax Expense $2,740 Reversal Entry To Income tax payable $2,740 (Being adjustment for income tax expense) Insurance Expense $362 Not Reversing entry To Prepaid Insurance $362 (Being adjustment for insurance expense) Office Salaries Expense $540 Reversal Entry To Office salaries payable $540 (Being adjustment for salary expense) Rent Expense $800 Not Reversing entry To Prepaid Rent $800 (Being adjustment for rent expense) Interest Receivable $320 Reversal Entry To Interest Revenue $320 (Being adjustment for interest revenue) Sales Salaries Expense $550 Not Reversing entry To Advances to salespersons $550 (Being adjustment for sales salaries expense) Office Supplies Expense $450 Not Reversing entry To Office Supplies $450 (Being adjustment for office supplies expense)