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Tesco Corporation Unadjusted Trial Balance At December 31, 2019 No. Account Debit Credit 3,000 2,000 5,000 2,500 50,000 200,000 10,000 20,000 1,000 3,000 5,000 10,000 190,500 100 Cash 110 Accounts Receivable 150 Prepaid Insurance 160 Supplies 180 Land 185 Building 190 Acc. Dep. Building 200 Accounts Payable 215 Wages Payable 220 Building Maintenance payable 225 Interest payable 230 Unearned Rent 235 Income Tax Payable 300 Share Capital 320 Dividends 325 Retained Earnings 500 Service Revenue 520 Rent Revenue 600 Advertising Expense 610 Accounting Expense 615 Depreciation Expense 620 Insurance Expense 625 Interest Expense 630 Building Maintenance Expense 635 Wages Expense 640 Supplies Expense 650 Telephone Expense 800 Income Tax Expense Total 10,000 180,000 10,000 6,000 18,000 4,000 8,000 2,000 15,000 90,000 3,000 1,000 10,000 429,500 S $ 429,500 The following additional information is available: a) The prepaid insurance was for a 5-month insurance policy purchased on November 1, 2019. b) A physical count of supplies inventory shows $500 of supplies still on hand. c) The building was purchased on January 1, 2019. It has an estimated useful life of 20 years and will have a salvage value of 100,000. d) 5 days of wages were earned by employees in the last week of December totaling $15,000. The normal payday for these wages occurs in January of the next year. e) The balance in unearned rent is for a five-month contract started on November 1. The prepayment was deposited to our bank account that day and no adjustments have been made to the unearned rent account as of yet. f) $100 of interest expense has accrued but not yet recorded. g) Income tax expense for the year is actually $16,000. This amount will be paid next year. Prepare an adjusted trial balance at December 31, 2019

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