Quick Turn Boat has completed its journal entries for the month of March and posted...
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Accounting
Quick Turn Boat has completed its journal entries for the month of March and posted them to the general ledger. Based on the ledger balances, an adjusted trial balance has been prepared. The following adjustments must be made at the end of March.
Mar 31
Depreciation on equipment for the month is $360.
Mar 31
Prepaid rent of $950 has been used up this month.
Mar 31
Interest of $260 accrued on the bank loan.
Mar 31
Unearned revenue of $920 has now been earned.
Required
Complete the worksheet.
Do not enter dollar signs or commas in the input boxes.
Select the proper order for the headings of the worksheet.
AnswerQuick Turn Boat
March 31, 2019
Worksheet
Unadjusted Trial Balance
Adjustments
Adjusted Trial Balance
Account
DR
CR
DR
CR
DR
CR
Cash
8,800
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Accounts Receivable
7,200
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Prepaid Rent
2,000
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Equipment
64,300
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Accumulated Depreciation
720
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Accounts Payable
8,500
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Interest Payable
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Unearned Revenue
6,200
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Bank Loan
10,400
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Crews, Capital
55,350
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Crews, Withdrawals
600
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Service Revenue
3,800
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Advertising Expense
600
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Depreciation Expense
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Rent Expense
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Interest Expense
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Salary Expense
1,470
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Total
84,970
84,970
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