Based on the Unadjusted Trial Balance for Glow Styling and the Adjusting

question 132

Essay

Based on the unadjusted trial balance for Glow Styling and the adjusting information given below,prepare the adjusting journal entries for Glow Styling.After completing the adjusting entries,prepare the trial balance for Glow Styling.
Glow Styling unadjusted trial balance for the current year follows:
Additional information:
a.An insurance policy examination showed $1,240 of expired insurance.
b.An inventory count showed $210 of unused shop supplies still available.
c.Depreciation expense on shop equipment,$350.
d.Depreciation expense on the building,$2,220.
e.A beautician is behind on space rental payments,and this $200 of accrued revenues was unrecorded at the time the trial balance was prepared.
f.$800 of the Unearned Rent account balance was earned by year-end.
g.The one employee,a receptionist,works a five-day workweek at $50 per day.The employee was paid last week but has worked four days this week for which she has not been paid.
h.Three months' property taxes,totaling $450,have accrued.This additional amount of property taxes expense has not been recorded.
i.One month's interest on the note payable,$600,has accrued but is unrecorded.
Use the above information to prepare the adjusted trial balance for Glow Styling.

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Definitions:

Phlebotomist

A healthcare professional specialized in drawing blood from patients for medical testing, transfusions, donations, or research.

Diagnostic Laboratory

A facility equipped for medical testing, experiments, and analyses to diagnose diseases and conditions.

Nursing Assistant

A healthcare professional specialized in providing care and help with the activities of daily living to patients under the supervision of a registered nurse or licensed practical nurse.

Nursing Aide

A healthcare worker specializing in assisting nurses and caring for patients, often providing essential daily care activities.