Problem
Similar to last week, there is an excel spreadsheet template attached to this unit's module. Feel free to use it for your response to this assignment.
Unit 3 Assignment:
From the results of last assignment,
Prepare an unadjusted trial balance;
Post the following adjustments:
(a) Earned but unbilled fees at July 31 were $1,400
(b) Depreciation for the month was $200
(c ) One-twelfth of the insurance expired
(d) An inventory count showed $300 of cleaning supplies remaining on July 31
(e) Accrued but unpaid employee salaries were $500
Prepare an adjusted trial balance.