The unadjusted trial balance of Holitzner Roof Repairs appears below as at December 31, 2010. Holizner records purchases of roof supplies to the expense account.
Accumulated amortization $1,200
Unearned service revenue
Note payable 10,000
Carmen Holitzner, capital 6,400
Carmen Holitzner, withdrawals 600
Service revenue 3,000
Salaries expense 500
Rent expense 2,100
Roofing supplies expense1,100
Interest expense _ _______
158) Refer to Table 3-4. Given the following information, prepare the necessary adjusting entries at year end, December 31, 2010.
a) A physical count reveals only $520 of roofing supplies are on hand at December 31, 2010.
b) The equipment is amortized at a rate of $120 per month.
c) Unearned service revenue amounted to $200 at December 31, 2010.
d) Accrued salary expense at December 31, 2010 amounts to $150.
e) Interest accrued on the note payable at December 31, 2010 amounts to $50.
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