Use the Following Information to Prepare the Adjusted Trial Balance

question 42

Essay

Use the following information to prepare the adjusted trial balance for Bella's Beauty Salon.Bella's Beauty Salon's unadjusted trial balance for the current year follows:
$\begin{array}{c}\text { BELLA'S BEAUTY SALON}\\\text { Trial Balance}\\\text { December 31}\\\begin{array}{|l|r|l|}\hline \text { Cash } & \$ 4,200 & \\\hline \text { Prepaid insurance } & 1,480 & \\\hline \text { Shop supplies } & 990 & \\\hline \text { Shop equipment } & 3,860 &\\\hline \text { Accumulated depreciation - shop equipment } & & \$ 770 \\\hline \text { Building } & 57,500 & \\\hline \text { Accumulated depreciation - building } & & 3,840 \\\hline \text { Land } & 55,000 &\\\hline \text { Unearned rent } & & 1,600 \\\hline \text { Long-term notes payable } & & 50,000 \\\hline \text { Common stock } & & 10,000 \\\hline \text { Retained earnings } & & 39,860 \\\hline \text { Rent earned } & & 2,400 \\\hline \text { Fees earned } & & 23,400 \\\hline\text { Wages expense } & 3,200 & \\\hline \text { Utilities expense } & 690 & \\\hline \text { Property taxes expense } & 600 & \\\hline \text { Interest expense } & 4,350 & \\\hline \text { Totals } & \$ 131.870 & \$ 131.870 \\\hline\end{array}\end{array}$
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 revenue 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.

---

Definitions:

Serotonin Levels

refer to the concentration of serotonin, a key neurotransmitter in the human body that affects mood, emotion, and sleep.

Serotonin

A neurotransmitter involved in numerous bodily functions, including mood regulation, appetite, and sleep.

Antidepressant Drugs

Drugs used to treat depression; also increasingly prescribed for anxiety. Different types work by altering the availability of various neurotransmitters.

Hippocampus

is a brain structure integral to memory formation and spatial navigation.