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the trial balance for Pioneer Advertising Inc. is shown below.

Pioneer Advertising Inc. Trial Balance October 31, 2022
	Debit		Credit
Cash	$15,200
Supplies	2,500
Prepaid Insurance	600
Equipment	5,000
Notes Payable			$5,000
Accounts Payable			2,500
Unearned Service Revenue			1,200
Common Stock			10,000
Retained Earnings			0
Dividends	500
Service Revenue			10,000
Salaries and Wages Expense	4,000
Rent Expense	900
	$28,700		$28,700

Assume the following adjustment data.

1.		Supplies on hand at October 31 total $500.
2.		Expired insurance for the month is $100.
3.		Depreciation for the month is $50.
4.		Services related to unearned service revenue in October worth $600 were performed.
5.		Services performed but not recorded at October 31 are $300.
6.		Interest to be accrued at October 31 is $95.
7.		Salaries to be accrued at October 31 are $1,625.

Prepare the adjusting entries for the items above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	Oct. 31	Enter an account title for the adjusting entry on October 31	Enter a debit amount	Enter a credit amount
		Enter an account title for the adjusting entry on October 31	Enter a debit amount	Enter a credit amount
2.	Oct. 31	Enter an account title for the adjusting entry on October 31	Enter a debit amount	Enter a credit amount
		Enter an account title for the adjusting entry on October 31	Enter a debit amount	Enter a credit amount
3.	Oct. 31	Enter an account title for the adjusting entry on October 31	Enter a debit amount	Enter a credit amount
		Enter an account title for the adjusting entry on October 31	Enter a debit amount	Enter a credit amount
4.	Oct. 31	Enter an account title for the adjusting entry on October 31	Enter a debit amount	Enter a credit amount
		Enter an account title for the adjusting entry on October 31	Enter a debit amount	Enter a credit amount
5.	Oct. 31	Enter an account title for the adjusting entry on October 31	Enter a debit amount	Enter a credit amount
		Enter an account title for the adjusting entry on October 31	Enter a debit amount	Enter a credit amount
6.	Oct. 31	Enter an account title for the adjusting entry on October 31	Enter a debit amount	Enter a credit amount
		Enter an account title for the adjusting entry on October 31	Enter a debit amount	Enter a credit amount
7.	Oct. 31	Enter an account title for the adjusting entry on October 31	Enter a debit amount	Enter a credit amount
		Enter an account title for the adjusting entry on October 31

Answer & Explanation Solved by verified expert

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