Prepare an Adjusted Trial Balance Based on the Following Adjustment $\quad$

question 104

Essay

Prepare an adjusted trial balance based on the following adjustment data and the unadjusted trial balance. $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text {Tudhope Plumbing}$
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text {Unadjusted Trial Balance}$
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text {December 31, 2019}$
$\begin{array}{lrr} & \text { Debit } & \text { Credit } \\\text { Cash } & \$ 12,000 & \\\text { Accounts receivable } & 20,500 & \\\text { Office supplies } & 9,500 & \\\text { Prepaid insurance } & 10,200 & \\\text { Equipment } & 80,500 & \\\text { Accum. amort -equipment } & & \$ 30,900 \\\text { Accounts payable } & & 15,500 \\\text { Unearned service revenue } & & 20,600 \\\text { Mike Tudhope, Capital } & & 80,200 \\\text { Mike Tudhope, Withdrawals } & 20,600 & \\\text { Service revenue } & & 63,700 \\\text { Salary expense } & 30,600 & \\\text { Advertising expense } & 15,400 & \\\text { Utilities expense } & 9,900 & \\\text { Miscellaneous expense } & 1,700 & \\\text { Total } & \$ 210,900 & \$ 210,900\end{array}$ Adjustment data:
a)Office supplies on hand on December 31, 2019, amount to $4,600.
b)During the year, $5,400 of prepaid insurance expired.
c)Amortization on equipment for the year is $12,400.
d)Unearned service revenue on December 31, 2019, amounts to $6,800.
e)Salaries owed to employees on December 31, 2019, amount to $3,300.

---

Definitions:

Kin Selection Theory

A theory in evolutionary biology that predicts organisms will behave altruistically towards their relatives to increase the chances of their genetic traits being passed on to future generations.

Cooperative Hunting

The action of different individuals or species working together to hunt prey, increasing their success rate compared to solo efforts.

Altruism

Behavior of an individual that benefits another at its own cost; in biology, it is often discussed in the context of evolutionary theory and social animals.

Prisoner's Dilemma

A fundamental problem in game theory showing why two individuals might not cooperate, even if it is in both their best interests to do so.