Preparing adjusting entries and preparing an adjusted trial balance First Class Maids Company, the cleaning service, started the preparation of its adjusted trial balance as follows:
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FIRST CLASS MAIDS COMPANY
Preparation of Adjusted Trial Balance
December 31, 2012
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Trial Balance
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Account
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Debit
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Credit
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Cash
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$ 700
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Supplies
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3,000
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Prepaid insurance
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800
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Equipment
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29,000
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Accumulated depreciation
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$ 7,000
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Accounts payable
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2,800
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Salary payable
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Unearned service revenue
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500
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Common stock
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5,100
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Retained earnings
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2,100
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Dividends
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3,000
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Service revenue
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25,000
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Salary expense
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6,000
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Supplies expense
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Depreciation expense
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Insurance expense
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Total
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$42,500
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$42,500
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During the 12 months ended December 31, 2012, First Class Maids
a. used supplies of $1,800.
b. used up prepaid insurance of $620.
c. used up $460 of the equipment through depreciation.
d. accrued salary expense of $310 that First Class Maids hasn't paid yet.
e. earned $360 of the unearned service revenue.
Requirement
Prepare an adjusted trial balance.