Based on the Partial Trial Balance and the Partial Adjusted

question 102

Essay

Based on the partial trial balance and the partial adjusted trial balance shown below, prepare the six missing adjusting entries. The adjusting entries should be dated December 31.
Unadjusted
Account Trial Balance Adjusted Trial Balance $$\begin{array} { | l | r | r | r | r | } \hline & { \text { Debit } } & \text { Credit } & { \text { Debit } } & \text { Credit } \\\hline \text { Accounts Receivable } & 101,600 & & 107,800 & \\\hline \text { Supp lies } & 5,000 & & 3,200 & \\\hline \text { Prepaid Insurance } & 10,600 & & 7,800 & \\\hline \text { Accumulated Amortization } & & 55,300 & & 60,200 \\\hline \text { Salary Payable } & & & & 1,800 \\\hline \text { Unearned Service Revenue } & & 13,500 & & 12,100 \\\hline \text { Service Revenue } & & 211,900 & & 219,500 \\\hline \text { Salary Expense } & 110,600 & & 112,400 & \\\hline \text { Insurance Expense } & & & 2,800 & \\\hline \text { Supp lies Expense } & & & 1,800 & \\\hline \text { Amortization Expense } & & & 4,900 & \\\hline\end{array}$$

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Definitions:

Beta

A measure of a stock's volatility in relation to the overall market; a beta greater than 1 indicates the stock is more volatile than the market, while a beta less than 1 means it is less volatile.

Yield Curve

A graphical representation of the interest rates on debt for a range of maturities.

Market Risk Premium

The extra return over the risk-free rate that investors require to compensate them for the risk of holding a market portfolio.

Required Return

The minimum rate of return on an investment that investors expect or require to compensate for risks taken.