P3-44B The trial balance of Canton Air Purification System at December 31, 2012, and the data needed for the month-end adjustments follow.

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P3-44B Journalizing and posting adjustments to the T-accounts, and
preparing an adjusted trial balance [45–60 min]
The trial balance of Canton Air Purification System at December 31, 2012, and the
data needed for the month-end adjustments follow.

4 5
CANTON AIR PURIFICATION SYSTEM
Trial Balance
December 31, 2012
Cash
Accounts receivable
Prepaid rent
Supplies
Equipment
Accumulated depreciation
Accounts payable
Salary payable
Unearned service revenue
Canton, capital
Canton, drawing
Service revenue
Salary expense
Rent expense
Depreciation expense
Advertising expense
Supplies expense
Total
Account Credit
$ 3,700
3,400
2,600
39,000
15,900
$ 64,600
Debit
$ 7,200
19,400
2,200
1,600
20,000
9,600
3,300
1,300
$ 64,600
Adjustment data at December 31 follow:
Unearned service revenue still unearned, $1,800.
Prepaid rent still in force, $600.
Supplies used during the month, $400.
Depreciation for the month, $700.
Accrued advertising expense, $900. (Credit Accounts payable)
Accrued salary expense, $800.

Requirements

1. Journalize the adjusting entries.

2. The unadjusted balances have been entered for you in the general ledger
accounts. Post the adjusting entries to the ledger accounts.

3. Prepare the adjusted trial balance.

4. How will Canton Air Purification System use the adjusted trial balance?