Thanks to visit codestin.com
Credit goes to www.scribd.com

Scribd
Upload
172 views1 page

Pioneer Advertising Agency Inc. Adjusted Trial Balance October 31, 2014

Pioneer Advertising Agency Inc. has $80,000 in cash, $74,000 in accounts receivable, and $10,000 in supplies as assets. Its liabilities include $50,000 in notes payable, $25,000 in accounts payable, and $6,000 in salaries and wages payable. For the period ending October 31, 2014, the agency recognized $106,000 in service revenue but had expenses of $46,000 for salaries, $15,000 for supplies, $9,000 for rent, and $1,600 for bad debt.

Uploaded by

Fantay
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
172 views1 page

Pioneer Advertising Agency Inc. Adjusted Trial Balance October 31, 2014

Pioneer Advertising Agency Inc. has $80,000 in cash, $74,000 in accounts receivable, and $10,000 in supplies as assets. Its liabilities include $50,000 in notes payable, $25,000 in accounts payable, and $6,000 in salaries and wages payable. For the period ending October 31, 2014, the agency recognized $106,000 in service revenue but had expenses of $46,000 for salaries, $15,000 for supplies, $9,000 for rent, and $1,600 for bad debt.

Uploaded by

Fantay
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Pioneer Advertising Agency Inc.

Adjusted Trial Balance


October 31, 2014
Debit Credit
Cash $ 80,000
Accounts Receivable 74,000
Allowance for Doubtful Accounts $ 1,600
Supplies 10,000
Prepaid Insurance 5,500
Equipment 50,000
Accumulated Depreciation—Equipment 400
Notes Payable 50,000
Accounts Payable 25,000
Interest Payable 500
Unearned Service Revenue 8,000
Salaries and Wages Payable 6,000
Common Stock 100,000
Dividends 5,000
Service Revenue 106,000
Salaries and Wages Expense 46,000
Supplies Expense 15,000
Rent Expense 9,000
Insurance Expense 500
Interest Expense 500
Depreciation Expense 400
Bad Debt Expense 1,600
$297,500 $297,500

You might also like