BERRY CORPORATION

Trial Balance

December 31, 20X3

Debits

Credits

Cash

$ 30,540

$ -

Accounts Receivable

45,000

-

Supplies

7,000

-

Equipment

244,500

-

Accumulated Depreciation

-

46,500

Accounts Payable

-

12,700

Unearned Revenue

-

31,250

Notes Payable

-

80,000

Capital Stock

-

100,000

Retained Earnings, Jan. 1

-

63,200

Dividends

12,000

-

Revenues

-

289,800

Wages Expense

214,600

-

Utilities Expense

8,700

-

Selling Expense

41,610

-

Depreciation Expense

12,000

-

Interest Expense

7,500

-

$ 623,450

$ 623,450

1. Delton discovered that 40% of the unearned revenue appearing in the trial balance had actually been earned as of the end of the year.

2. A physical count of supplies on hand revealed a year-end balance of only $3,000.

3. Unpaid and unrecorded invoices for utilities for December amounted to $1,500.

4. The last payday was December 26. Employees are owed an additional $3,900 that has not been recorded.

5. Additional depreciation of $3,100 needs to be recorded.

REQ:

1. Prepare work sheet.

2. Prepare adjusting entries.

3. Prepare closing entries.

4. Prepare after closing trial balance