Accounting adjusted Trial balance 2023 Business Finance

2023 Task 3 After you ve completed the trial balance Sophia tells you that

           Task 3: After     you’ve completed the trial balance, Sophia tells you that a number of     internal business transactions occurred during the year but were not     recorded. You must use this information to prepare adjusting entries and an     adjusted trial balance, which are steps 5 and 6 in the accounting     cycle.               A. On December 1 received cash of $360 for   three months of Cleaning Services beginning December 1.    B. HHEC received employee services for the   last two days of December amounting to $250, to be paid in Year 2.    C. As of December 31, Year 1, HHEC provided 25   hours of cleaning services at $20 per   hour to be billed in January Year 2.    D. On December 31, Year 1, HHEC recorded   depreciation on its Office Equipment of $50     E. On December 31, Year 1, HHEC record   depreciation on Building of $1,980      F. On December 31, Year 1, $100 of insurance   had been used.       G On December 31, Year 1, $400 of supplies   had been used               HHEC       Trial Balance       December 31, Year 1                 Cash 6,855          Accounts   Receivable 2,200          Supplies  2,800           Prepaid   Insurance  2,400           Building 10,000          Office   Equipment 1,800          Accounts   Payable    1,850         Sisters,   Capital   15,000        Sisters, Withdrawals 4,000          Clearning   Revenues   18,660        Wages Expense 4,275          Utilities   Expense 985          Miscellaneous   Expense 195          Total 35,510 35,510                      

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