| Adcox Advertising | ||
| Diane Adcox has operated a sma advertising agency in charleston, south Carolina,for the past | ||
| 15 years. Her cients are primairly businesses located in the historic section of charleston. | ||
| It is now the end of her fiscal year and diane would like you to complete an accounting work sheet | ||
| to reflect her adjusted account balances. The unadjusted Trial Balance for Adcox Advertising Inc. | ||
| is presented below. | ||
| Adcox Advertising | ||
| Unadjusted Trial Balance | ||
| For the ear Ended December 31,2015 | ||
| Trial Balance | ||
| Accounting Title | Debit | Credit |
| cash | 63,500 | |
| Marketable Securities | 24,000 | |
| Account Receivable | 49,000 | |
| Supplies | 15,000 | |
| Prepaid Rent | 10,000 | |
| Furniture & Fixtures | 34,500 | |
| Accumulated Deprecitation | 800 | |
| Accounts Payable | 1,500 | |
| Interest Payable | ||
| Salaries Payable | ||
| Unearned Revenue | 9,000 | |
| Notes Payable Long Term | 10,000 | |
| D.Adcox, capital | 1,97,160 | |
| D.Adcox, Withdrwal | 25,000 | |
| Fees Earned | 1,21,300 | |
| salaries expense | 40,000 | |
| utilities expense | 14,400 | |
| rent expense | 60,000 | |
| supplies expense | 1,560 | |
| depreciation expense | 2,800 | |
| Tota | 3,39,760 | 3,39,760 |
| Additional Information | ||
| 1. Additional Supplies used during the year amounted to $6500 | ||
| 2. $2350 on unearned service revenue was earned during the year. | ||
| 3. Earned but unpaid salaries at year end amounted to $1350. | ||
| 4. Interest expense of $220 was earned amounted not recorded. | ||
| 5. Additional depreciation of $730 on the Furnitures and Fixures was not recorded. | ||
| 6. $4,300 of prepaid rent was used up at year end. | ||
| Required: | ||
| 1- Prepare a ten-column accounting Trial Balance work sheet. (go to intermediate accounting book ) | ||
| 2- Prepare a classified income statement, balance sheet,Reterned earning | ||
| and statement of stock holders equity | ||
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