The trial balance for Pioneer Advertising

The trial balance for Pioneer Advertising is shown in below

Pioneer Advertising
Trial Balance
October 31, 2019

Instead of the adjusting entries shown in the textbook at October 31, assume the following adjustment data.

Supplies on hand at October 31, total $500.
Expired insurance for the month is $120
Depreciation for the month is $50
Services related to unearned service revenue in October worth $600 were performed.
Services performed but not recorded at October 31 are $360
Interest accrued at October 31 is $95.
Accrued salaries at October 31 are $1,625.

Instructions

Prepare the adjusting entries for the items above

Answer

Pioneer Advertising
Adjusting Journal Entries

Are you need any help? Contact Us now.

Most Reading Solutions

In a class of 25 students, 12 students have taken economics: 8 have taken economics but not politics. Find the number of students who have taken economics and politics and those who have taken politics...

Without using log tables, Find x if ½log₁₀ (11+4√7) = log₁₀ (2+X)

Problem-05: Long-Term Liabilities

Presented below are three different lease transactions that occurred for Ruggiero Inc. in 2020. Assu...

Problem-9: Budgetary Planning

Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales foreca...

Problem-07: Corporations: Dividends, Retained Earnings, and Income Reporting

Knudsen Corporation was organized on January 1, 2019. during its first year, the corporation issued ...

Problem-07: Probability Distributions

Steven T. Opsine, supervisor of traffic signals for the Fairfax Company division of the Virginia Sta...

Problem-25: Grouping and Displaying data to convey meaning

If the lawyer defending the airport is collecting data preparatory to going to trial, would she appr...

Problem-10: Accounting for Merchandising Operations

On September 1, Nixa Office Supply had an inventory of 30 calculators at a cost of $18 each. The com...

What is Agency Cost? Describe the different types of Agency Cost.

Problem-22: Probability Distributions

Diane Bruns is the mayor of a large city Lately, she become concerned about the possibility that lar...

Problem-53: Grouping and Displaying data to convey meaning

A reporter wants to know how the cost of compliance with the Americans with Disabilities Act (ADA) h...

Problem-31: Testing Hypotheses: One Sample Tests

Before the 1973 oil embargo and subsequent increases in the price of crude oil, gasoline usage in th...

Problem-2: Accounting in Action

Judi Salem opened a law office on July 1, 2018. On July 31, the balance sheet showed Cash $5,000, Ac...

Problem 48: Logarithm

A man left $18000 with the direction that it should be divided in such a way that his 3 sons aged 9,...

Problem-52: Probability I: Introductory Ideas

Martin Coleman, credit manager for Back's knows that the company uses three methods to encourage col...

Problem 15: Incremental Analysis and Capital Budgeting

Doug's Custom Construction Company is considering three new products, each requiring an equipment in...

Problem-17: Plant Assets, Natural Resources and intangible Assets

Terry Wade, the new controller of Hellickson Company, has reviewed the expected useful lives and sal...

Problem-28: Testing Hypotheses: One Sample Tests

Maxwell’s Hot Chocolate is concerned about the effect of the recent year-long coffee adver- tising c...

Problem 8: Set

A survey of 400 students in a university shows that 100 are smokers and 150 as chewers of gum, 75 ar...

Problem-15: Testing Hypotheses: One Sample Tests

What is the relationship between the significance level of a test and Type I error?Contact us for th...

Problem-10: Accounting Information Systems

Kieschnick company has a balance in its Account Receivable control account of $10,000 on January 1,2...

Problem-22: Process Costing

Santana Mortgage Company uses a process cost system to accumulate cost in its Application Department...

Problem-46: Probability Distribution

The manager of a Spitty Lube auto lubrication shop is trying to revise his policy on ordering grease...

Problem-16: Budgetary Planning

Atlanta Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of th...

A man borrows Rs. 20,000 at 4% C.I. and agrees to pay both the principal and the interest in 10 equal annual installments at the end of each year, find the amount of these installments....

Problem-22: Grouping and Displaying data to convey meaning

Construct a discrete, closed classification for the possible responses to the "marital status" porti...

Problem-38: Grouping and Displaying data to convey meaning

Pamela Mason, a consultant for a small local brokerage firm, was attempting to design investment pro...

Problem-4: Accounting in Action

Trixie Maye started her own consulting firm, Matrix Consulting, on May 1, 2018. The following transa...

The total cost y, for x units of a certain product consists of fixed cost and the variable cost(proportional to the number of unit produced). It is know that the total cost is Rs. 1200...

Find the linear relationship between x and y. Find the slope of the line, what does it indicate It...

Problem-24: Budgetary Planning

Pletcher Dental Clinic is a medium-sized dental service specializing in family dental care. The clin...

Find the amount and present value of an annuity certain of $150 for 12 years, reckoning interest at 3½% p.a.

Define the term assets., Liabilities and owners equity. What items affect owner's equity?

Problem 10: Arithmetic and Geometric Progressions

Find three numbers in G.P. such that their sum is 21 and the sum of their squares is 189

Problem-48: Probability Distribution

Sgt. Wellborn Fitte, the U>S> Army's quartermaster at Fort Riley, Kansas, prides himself on being ab...

A horse and a cow were sold for Rs. 3040 making a profit of 25% on the horse and 10% on the cow. By selling them for Rs. 3070 the profit realized would have been...

Problem-30: Sampling and Sampling Distributions

HAL Corporation manufactures large computer systems and has always prided itself on the reliability ...

Problem-2: Adjusting the Accounts

Mac's Motel opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as ...

A machine is depreciated in such a way that the value of the machine at the end of any year is 90% of the value at the beginning of the year. The cost of the...

Problem-34: Probability Distributions

On average, five birds hit the Washington Monument and are killed each week. Bill Garcy, an official...

Problem-3: Accounting Information Systems

The chart of accounts of LR Company includes the following selected accounts. 112 Accounts Receiv...

Problem-20: Statement of Cash Flows

Macgregor Company completed its first year of operations on December 31, 2020. Its initial income st...

Problem 7: Permutation

There are four routes for going from A to B and five routes for going from B to C. In how many diffe...

What is the present value of Rs. 10,000 due in 2 years at 8% p.a., C.I. according as the interest is paid (a) yearly or (b) half-yearly?

More In Sets Logarithms Long-Term Liabilities Budgetary Planning Corporations: Dividends, Retained Earnings, and Income Reporting Probability Distributions Grouping and displaying data to convey meaning: Tables and Graphs Accounting for Merchandising Operations Introduction Testing Hypotheses: One Sample Tests Accounting in Action Probability I: Introductory Ideas Incremental Analysis and Capital Budgeting Plant Assets, Natural Resources, and Intangible Assets Accounting Information Systems Process Costing Coordinate Geometry Arithmetic and Geometric Progressions Equations Sampling and Sampling Distributions Adjusting the Accounts Statement of Cash Flows Permutations and Combinations Inventories Current Liabilities and Payroll Accounting Completing the Accounting Cycle Time Value

Problem-12: Adjusting the Accounts

Instructions

Answer

Most Reading Solutions