The trial balance for Pioneer Advertising Inc. is shown below. Pioneer Advertising Inc. Trial balance October 31, 2022 Debit Credit Money $15,200 supplies 2,500 prepaid insurance 600 Equipment 5,000 Pay $5,000 Accounts payable 2,500 Unearned service income 1200 Common actions 10,000 Retained earnings 0 dividends 500 Service revenues 10,000 Wages and salaries expense 4,000 Rental costs 900 $28,700 $28,700 Assume

Sep 8, 2023

The trial balance for Pioneer Advertising Inc. is shown below.

Pioneer Advertising Inc.
Trial balance
October 31, 2022

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The trial balance for Pioneer Advertising Inc. is shown below. Pioneer Advertising Inc. Trial balance October 31, 2022 Debit Credit Money $15,200 supplies 2,500 prepaid insurance 600 Equipment 5,000 Pay $5,000 Accounts payable 2,500 Unearned service income 1200 Common actions 10,000 Retained earnings 0 dividends 500 Service revenues 10,000 Wages and salaries expense 4,000 Rental costs 900 $28,700 $28,700 Assume
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Debit

Credit

Money $15,200
supplies 2,500
prepaid insurance 600
Equipment 5,000
Pay $5,000
Accounts payable 2,500
Unearned service income 1200
Common actions 10,000
Retained earnings –0–
dividends 500
Service revenues 10,000
Wages and salaries expense 4,000
Rental costs 900

$28,700

$28,700

Assume the following fit data.

1. Supplies available as of October 31 total $500.
2. Insurance due for the month is $100.
3. Depreciation for the month is $50.
4. Services were performed related to unearned service income in October in the amount of $600.
5. Services performed but not recorded as of October 31 are $300.
6. The interest to accrue as of October 31 is $95.
7. Salaries to be earned as of October 31 are $1,625.

Prepare adjusting entries for the above items.

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