(Answered) Berry corporation prepared the following preliminary trial

Accounting

Berry Corporation prepared the following preliminary trial balance. The trial balance and other information was evaluated by Delton Wiser, CPA. Delton has returned a list of proposed adjustments tha

	BERRY CORPORATION
	Trial Balance
	December 31, 20X3

			Debits	Credits
		Cash	$ 30,540	$ -
		Accounts Receivable	45,000	-
		Supplies	7,000	-
		Equipment	244,500	-
		Accumulated Depreciation	-	46,500
		Accounts Payable	-	12,700
		Unearned Revenue	-	31,250
		Notes Payable	-	80,000
		Capital Stock	-	100,000
		Retained Earnings, Jan. 1	-	63,200
		Dividends	12,000	-
		Revenues	-	289,800
		Wages Expense	214,600	-
		Utilities Expense	8,700	-
		Selling Expense	41,610	-
		Depreciation Expense	12,000	-
		Interest Expense	7,500	-
			$ 623,450	$ 623,450

1. Delton discovered that 40% of the unearned revenue appearing in the trial balance had actually been earned as of the end of the year.
2. A physical count of supplies on hand revealed a year-end balance of only $3,000.
3. Unpaid and unrecorded invoices for utilities for December amounted to $1,500.
4. The last payday was December 26. Employees are owed an additional $3,900 that has not been recorded.
5. Additional depreciation of $3,100 needs to be recorded. REQ: 1. Prepare work sheet. 2. Prepare adjusting entries. 3. Prepare closing entries. 4. Prepare after closing trial balance

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