Bunker Company
(Unadjusted) Trial Balance December 31, 2015
Account title
Balance Debit Credit Cash 185000 Accounts Receivables 14795 N/R 10000 Supplies 3095 Prepaid rent 5600 Prepaid Insurance 7000 Equipment 220000 Accumulated Depreciation,Equipment 80000 Accounts Payable 159000 N/P 18000 Unearned revenue 10000 Capital 150000 Withdrawals 50000 Service revenue 135000 Salary expenses 44000 Rent expenses 4510 Miscellaneous expenses 8000 Ta552000552000
Record adjusting journal entries for the year ended (or date of December 31,2015, for each of these several transactions. 1.Depreciation on the company's equipment for 2015 is computed to be $12,000
2.The Prepaid Insurance account had a $7,000 debit balance at December 31,2015, before adjusting for the costs of any expired coverage. An analysis of the company's
3. The Office Supplies account had a $415 debit balance on December 31,2014; and $2,680 of office supplies was purchased during the year. The December 31, 2015, physical count showed $489 of supplies available. 4. Half of the work related to $10,000 cash received in advance was performed this period. 5. The Prepaid rent account had a $5,600 debit balance at December 31, 2015
showed that $2,920 of coverage had expired. 6. Wage expenses of $6,000 have been incurred but are not paid as of December 31,2015 7. The company borrowed money from a bank on December 15, 2015 and
Requirements:-
35 Point 5 points
1-Prepare the adjusted trial balance for year 2015. 2- Prepare income statement and balance sheet on December 31,2015.
