Solution-Complete famous cuts adjusted trial balance

Complete famous cuts adjusted trial balance

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Reference no: EM13521383

Preparing an adjusted trial balance

Famous Cut Hair Stylists has begun the preparation of its adjusted trial balance as follows:

FAMOUS CUT HAIR STYLISTS Preparation of Adjusted Trial Balance 31-Dec-12
	Trial Balance		Adjustments		Adjusted Trial Balance
Account	Debit	Credit	Debit	Credit	Debit	Credit
Cash	$ 800
Supplies	900
Equipment	19,100
Accumulated depreciation		1,000
Accounts payable		200
Interest payable
Note payable		2,500
Fabio, capital		7,400
Service revenue		14,800
Rent expense	4,500
Supplies expense
Depreciation expense
Interest expense	600
Total	$25,900	$25,900

Year-end data include the following:

a. Supplies on hand, $300.

b. Depreciation, $1,000.

c. Accrued interest expense, $600.

Requirement

1. Complete Famous Cut's adjusted trial balance. Key each adjustment by letter.

Reference no: EM13521383

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Complete famous cuts adjusted trial balance

Reference no: EM13521383

Reference no: EM13521383

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