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 | ||||
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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.
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