Problem: The following unadjusted account balances and adjustment data are for Cope company as of December 31, 2001.
| account |
Trial balance |
|
Adjustments |
Adj. Trial Balance |
I/S |
|
Balance Sheet |
| |
Dr |
Cr |
Dr |
Cr |
Dr |
Cr |
Dr |
Cr |
Dr |
Cr |
| Cash |
|
|
|
|
11 |
|
|
|
31 |
|
| Prepaid insurance |
|
|
|
6 |
12 |
|
|
|
32 |
|
| Office supplies |
|
|
|
7 |
13 |
|
|
|
33 |
|
| Office equipment |
|
|
|
|
14 |
|
|
|
34 |
|
| Accu. Dep. Equip. |
|
|
|
8 |
|
20 |
|
|
|
35 |
| Accounts payable |
|
|
|
|
|
21 |
|
|
|
36 |
| Salary payable |
|
|
|
9 |
|
22 |
|
|
|
37 |
| Unearned ser. rev. |
|
|
1 |
|
|
23 |
|
|
|
38 |
| Terry Cop, Capital |
|
|
|
|
|
24 |
|
|
|
39 |
| Terry Cop, Withdrawals |
|
|
|
|
15 |
|
|
|
40 |
|
| ser. Revenue |
|
|
|
10 |
|
25 |
|
26 |
|
|
| Dep. Exp. Equip |
|
|
2 |
|
16 |
|
27 |
|
|
|
| Supplies expense |
|
|
3 |
|
17 |
|
28 |
|
|
|
| Insurance expense |
|
|
4 |
|
18 |
|
29 |
|
|
|
| Salary expense |
|
|
5 |
|
19 |
|
30 |
|
|
|
Adjustment data:
1. Office supplies on hand December 31, 2002, $550.00
2. Prepaid insurance expired during 2002, $400.00
3. Unearned service revenue, December 31, 2002, $2,300.00
4. Accrued salaries, $475.00