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ACT 300 MODULE 2 ADJUSTED TRIAL

ACT 300 MODULE 2 ADJUSTED TRIAL

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ACT 300 MODULE 2 ADJUSTED TRIAL 

For this assignment, you are required to present the nine correct journal entries in an Excel spreadsheet.

Linda Ace started her own consulting firm, Modine Consulting, on May 1, 2008. The trial balance at May 31 is as detailed below.

MODINE CONSULTING

Trial Balance

May 31, 2008AccountNumber

 Debit

 Credit

 

 101

 Cash

 $7,700

 

 112

 Accounts Receivable

 4,000

 

 126

 Supplies

 1,500

 

 130

 Prepaid Insurance

 4,800

 

 149

 Office Furniture

 9,600

 

 201

 Accounts Payable

 $3,500

 

 209

 Unearned Service Revenue

 3,000

 

 301

 L. Ace, Capital

 19,100

 

 400

 Service Revenue

 6,000

 

 726

 Salaries Expense

 3,000

 

 729

 Rent Expense

 1,000 

 

In addition to those accounts listed on the trial balance, the chart of accounts for Modine Consulting also contains the following accounts and account numbers: No. 150 Accumulated Depreciation – Office Furniture; No. 229 Travel Payable; No. 212 Salaries Payable; No. 717 Depreciation Expense; No. 722 Insurance Expense; No. 736 Travel Expense; and No. 631 Supplies Expense.

Other data:

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