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Tudhope Plumbing
   Adjusted Trial Balance
   December 31, 2014

   Debit   Credit
Cash   $12,000
Accounts receivable   20,500
Office supplies   4,600
Prepaid insurance   4,800
Equipment   80,500
Accum. amort.-equipment   $43,300
Accounts payable   15,500
Unearned service revenue   6,800
Salary payable   3,300
Mike Tudhope, Capital   80,200
Mike Tudhope, Withdrawals   20,600
Service revenue   77,500
Salary expense   33,900
Advertising expense   15,400
Utilities expense   9,900
Miscellaneous expense   1,700
Supplies expense   4,900
Insurance expense   5,400
Amort. expense-equipment   12,400   _______
Total   $226,600   $226,600
Prepare an adjusted trial balance based on the following adjustment data and the unadjusted trial balance.

   Tudhope Plumbing
   Unadjusted Trial Balance
   December 31, 2014

   Debit   Credit
Cash   $12,000
Accounts receivable   20,500
Office supplies   9,500
Prepaid insurance   10,200
Equipment   80,500
Accum. amort.-equipment   $30,900
Accounts payable   15,500
Unearned service revenue   20,600
Mike Tudhope, Capital   80,200
Mike Tudhope, Withdrawals   20,600
Service revenue   63,700
Salary expense   30,600
Advertising expense   15,400
Utilities expense   9,900
Miscellaneous expense   1,700   _______
Total   $210,900   $210,900

Adjustment data:

a) Office supplies on hand on December 31, 2014, amount to $4,600.
b) During the year, $5,400 of prepaid insurance expired.
c) Amortization on equipment for the year is $12,400.
d) Unearned service revenue on December 31, 2014, amounts to $6,800.
e) Salaries owed to employees on December 31, 2014, amount to $3,300.
Nugent Consulting
   Preparation of Adjusted Trial Balance
   December 31, 2014

   Account   Trial Balance   Adjustments   Adjusted Trial Balance
   Debit   Credit   Debit   Credit   Debit   Credit
Cash   12,900            12,900   
Prepaid Insurance   2,000         325   1,675   
Office Supplies   1,300         1,050   250   
Office Equipment   10,500            10,500   
Accumulated Amort-Office Equipment      3,500      1,800      5,300
Accounts Payable      2,900            2,900
Salary Payable            900      900
Unearned Service Revenue      4,500   2,000         2,500
Neela Nugent, Capital      11,750            11,750
Neela Nugent, Withdrawals   5,600            5,600   
Service Revenue      13,350      2,000      15,350
Salary Expense   3,700      900      4,600   
Amortization Expense-Office Equipment         1,800      1,800   
Supplies Expense         1,050      1,050   
Insurance
Expense         325      325   
Total   36,000   36,000   6,075   6,075   38,700   38,700
The following unadjusted account balances and adjustment data are for Nugent Consulting as of December 31, 2014:

Cash   $12,900
Prepaid insurance   2,000
Office supplies   1,300
Office equipment   10,500
Accumulated amort.-office equipment   3,500
Accounts payable   2,900
Salary payable   0
Unearned service revenue   4,500
Neela Nugent, Capital   11,750
Neela Nugent, Withdrawals   5,600
Service revenue   13,350
Salary expense   3,700
Amort. expense-office equipment   0
Supplies expense   0
Insurance expense   0

Adjustment data:
Office supplies on hand December 31, 2014, $250
Prepaid insurance expired during 2014, $325
Unearned service revenue, December 31, 2014, $2,500
Amortization on equipment for 2014, $1,800
Accrued salaries, $900


Fill in the trial balance, adjustments, and adjusted trial balance columns in the following table.

   Nugent Consulting
   Preparation of Adjusted Trial Balance
   December 31, 2014

   Account   Trial Balance   Adjustments   Adjusted Trial Balance
   Debit   Credit   Debit   Credit   Debit   Credit
Cash                  
Prepaid Insurance                  
Office Supplies                  
Office Equipment                  
Accumulated Amort-Office Equipment                  
Accounts Payable                  
Salary Payable                  
Unearned Service Revenue                  
Neela Nugent, Capital                  
Neela Nugent, Withdrawals                  
Service Revenue                  
Salary Expense                  
Amortization Expense-Office Equipment                  
Supplies Expense                  
Insurance
Expense                  
Total
a) accrual
b) deferral
c) accrual
d) deferral
e) deferral
f) accrual
Given the following adjustment data, state whether the resulting adjustment will be a deferral or an accrual.

a) Recorded salaries earned by employees at end of month, payment to be made early next month.
b) Recorded service revenue received in advance from clients.
c) Estimated current month's utilities bill and recorded the amount. The bill is to be received and paid next month.
d) Prepaid insurance was used during the month.
e) Supplies were used during the month.
f) Performed services on account, payment to be received next month.
D
If Jacob's Event Planning Service had rendered one-third of the services covered by the contract in the month the contract was signed, then the final balance of service revenue, as shown on the adjusted trial balance, should be a:
A) credit balance of $2,100.
B) credit balance of $600.
C) debit balance of $600.
D) credit balance of $3,300.
D
Late in this month, Jacob signed a contract with a new client, providing event planning services for an upcoming event. The work will be started and completed in the following month at which time the company will collect the full amount of $900 from this client. The company makes accrual adjustments monthly. The adjusted balance of service revenue, as shown on the adjusted trial balance for this month, should be a:
A) credit balance of $2,100.
B) credit balance of $900.
C) debit balance of $900.
D) credit balance of $3,000.