Blum Services Has the Following Unadjusted Balances at Year-End The Following Information Is Available to Use in Making Adjusting

question 34

Essay

Blum Services has the following unadjusted balances at year-end.
$$\begin{array} { |l | r | } \hline \text { Cash } & \$ 12,900 \\\hline \text { Prepaid insurance } & 2,000 \\\hline \text { Office supplies } & 1,300 \\\hline \text { Office equipment } & 10,500 \\\hline \text { Accumulated depreciation-office equipment } & 3,500 \\\hline \text { Accounts payable } & 2,900 \\\hline \text { Salaries payable } & - 0- \\\hline \text { Unearned service revenue } & 4,500 \\\hline \text { A.L.Blum, capital } & 11,750 \\\hline \text { A.L.Blum, drawing } & 5,600 \\\hline \text { Service revenue } & 13,350 \\\hline \text { Salary expense } & 3,700 \\\hline \text { Depreciation expense } & - 0 - \\\hline \text { Supplies expense } & - 0 - \\\hline \text { Insurance expense } & - 0 - \\\hline\end{array}$$ The following information is available to use in making adjusting entries.
a.Office supplies on hand at year-end: $250
b.Prepaid insurance expired during the year: $325
c.Unearned revenue remaining at year-end: $2,500
d.Depreciation expense for the year: $1,800
e.Accrued salaries at year-end: $900
Using the work sheet below,prepare the trial balance,the adjustments and the adjusted trial balance for Blum Services.

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Definitions:

Work Group Influence

The impact that a group of colleagues can have on an individual’s behavior, productivity, and attitudes in the workplace.

Family Influence

The impact that family members have on one's values, beliefs, behavior, and life choices.

Interpersonal Relations

The connections and interactions that occur between people, affecting various aspects of social and professional life.

Relationship Problems

Challenges or conflicts encountered in personal interactions with others, which can arise from differences in opinions, behaviors, values, or expectations.