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Home / Questions / The unadjusted trial balance of Holitzner Roof Repairs appears below as at December 31, 20

The unadjusted trial balance of Holitzner Roof Repairs appears below as at December 31, 20

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.

 

DebitCredit

Cash $5,300

Accounts receivable7,300

Roofing supplies

Equipment6,000

Accumulated amortization $1,200

Salaries payable1,100

Interest payable

Unearned service revenue

Note payable 10,000

Carmen Holitzner, capital 6,400

Carmen Holitzner, withdrawals 600

Service revenue 3,000

Salaries expense 500

Amortization expense

Rent expense 2,100

Roofing supplies expense1,100

Interest expense                                        _                   _______                           

$22,300 $22,300

 

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.

Dec 11 2019 View more View Less

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