Question

Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018. Accounts Payable $ 595 Accounts Receivable 295 Accumulated Depreciation 895 Cash 295 Common Stock 195 Deferred Revenue 195 Depreciation Expense 295 Equipment 3,195 Income Tax Expense 295 Interest Revenue 95 Notes Payable (long-term) 195 Notes Payable (short-term) 495 Prepaid Rent 95 Rent Expense 395 Retained Earnings 1,495 Salaries and Wages Expense 2,195 Service Revenue 6,185 Supplies 495 Supplies Expense 195 Travel Expense 2,595 PA4-1 Part 1 Required: 1-a. Prepare an adjusted trial balance at September 30, 2018.

Answer 1

1 Required: 1-a. Prepare an adjusted trial balance at September 30, 2018.

Step-by-step explanation:

Starbooks

Adjusted trial balance

d Cash $ 295

d Account receivable $ 295

d Supplies $ 495

d Equipment $ 3.195

c Accumulate depreciation $ 895

d Prepaid Rent $ 95

c Account Payable $ 595

c Notes Payable (short-term) $ 495

c Deferred Revenue $ 195

c Notes Payable (long-term) $ 195

c Common Stock $ 195

c Retained Earnings $ 1.495

c Service Revenue $ 6.185

c Interest Revenue $ 95

d Salaries Expense $ 2.195

d Depreciation Expense $ 295

d Income Tax Expense $ 295

d Rent Expense $ 395

d Supplies Expense $ 195

d Travel Expense $ 2.595

Total $ 10.345 $ 10.345