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.

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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 Answer Answer Answer Answer
Accounts Receivable 7,200 Answer Answer Answer Answer
Prepaid Rent 2,000 Answer Answer Answer Answer
Equipment 64,300 Answer Answer Answer Answer
Accumulated Depreciation 720 Answer Answer Answer Answer
Accounts Payable 8,500 Answer Answer Answer Answer
Interest Payable Answer Answer Answer Answer
Unearned Revenue 6,200 Answer Answer Answer Answer
Bank Loan 10,400 Answer Answer Answer Answer
Crews, Capital 55,350 Answer Answer Answer Answer
Crews, Withdrawals 600 Answer Answer Answer Answer
Service Revenue 3,800 Answer Answer Answer Answer
Advertising Expense 600 Answer Answer Answer Answer
Depreciation Expense Answer Answer Answer Answer
Rent Expense Answer Answer Answer Answer
Interest Expense Answer Answer Answer Answer
Salary Expense 1,470 Answer Answer Answer Answer
Total 84,970 84,970 Answer Answer Answer Answer

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