Preparing an adjusted trial balance
Famous Cut Hair Stylists has begun the preparation of its adjusted trial balance as follows:
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FAMOUS CUT HAIR STYLISTS
Preparation of Adjusted Trial Balance
31-Dec-12
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Trial Balance
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Adjustments
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Adjusted Trial Balance
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Account
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Debit
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Credit
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Debit
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Credit
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Debit
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Credit
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Cash
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$ 800
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Supplies
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900
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Equipment
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19,100
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Accumulated depreciation
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1,000
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Accounts payable
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200
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Interest payable
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Note payable
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2,500
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Fabio, capital
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7,400
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Service revenue
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14,800
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Rent expense
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4,500
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Supplies expense
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Depreciation expense
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Interest expense
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600
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Total
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$25,900
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$25,900
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5
4
Year-end data include the following:
a. Supplies on hand, $300.
b. Depreciation, $1,000.
c. Accrued interest expense, $600.
Requirement
1. Complete Famous Cut's adjusted trial balance. Key each adjustment by letter.