The unadjusted trial balance for Riverbed Corp. is shown below. RIVERBED CORP.Trial BalanceOctober 31, 2022 Debit Credit Cash $15,350 Supplies 2,990 Prepaid Insurance 750 Equipment 5,000 Notes Payable $5,000 Accounts Payable 2,870 Unearned Service Revenue 2,190 Common Stock 11,750 Retained Earnings 0 Dividends 560 Service Revenue 8,000 Salaries and Wages Expense 4,000 Rent Expense 1,160 $29,810 $29,810 Assume the following adjustment data. 1. Supplies on hand at October 31 total $710. 2. Expired insurance for the month is $125. 3. Depreciation for the month is $55. 4. As of October 31, services worth $840 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $340. 6. Interest expense accrued at October 31 is $75. 7. Accrued salaries at October 31 are $1,550. Prepare the adjusting entries for the items above. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Oct. 31 enter an account title to record the first transaction Enter a debit amount Enter a credit amount enter an account title to record the first transaction Enter a debit amount Enter a credit amount 2. Oct. 31 enter an account title to record the second transaction Enter a debit amount Enter a credit amount enter an account title to record the second transaction Enter a debit amount Enter a credit amount 3. Oct. 31 enter an account title to record the third transaction Enter a debit amount Enter a credit amount enter an account title to record the third transaction Enter a debit amount Enter a credit amount 4. Oct. 31 enter an account title to record the fourth transaction Enter a debit amount Enter a credit amount enter an account title to record the fourth transaction Enter a debit amount Enter a credit amount 5. Oct. 31 enter an account title to record the fifth transaction Enter a debit amount Enter a credit amount enter an account title to record the fifth transaction Enter a debit amount Enter a credit amount 6. Oct. 31 enter an account title to record the sixth transaction Enter a debit amount Enter a credit amount enter an account title to record the sixth transaction Enter a debit amount Enter a credit amount 7. Oct. 31 enter an account title to record the seventh transaction Enter a debit amount Enter a credit amount enter an account title to record the seventh transaction Enter a debit amount Enter a credit amount

The unadjusted trial balance for Riverbed Corp. is shown below. RIVERBED CORP.Trial BalanceOctober 31, 2022 Debit Credit Cash $15,350 Supplies 2,990 Prepaid Insurance 750 Equipment 5,000 Notes Payable $5,000 Accounts Payable 2,870 Unearned Service Revenue 2,190 Common Stock 11,750 Retained Earnings 0 Dividends 560 Service Revenue 8,000 Salaries and Wages Expense 4,000 Rent Expense 1,160 $29,810 $29,810 Assume the following adjustment data. 1. Supplies on hand at October 31 total $710. 2. Expired insurance for the month is $125. 3. Depreciation for the month is $55. 4. As of October 31, services worth $840 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $340. 6. Interest expense accrued at October 31 is $75. 7. Accrued salaries at October 31 are $1,550. Prepare the adjusting entries for the items above. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Oct. 31 enter an account title to record the first transaction Enter a debit amount Enter a credit amount enter an account title to record the first transaction Enter a debit amount Enter a credit amount 2. Oct. 31 enter an account title to record the second transaction Enter a debit amount Enter a credit amount enter an account title to record the second transaction Enter a debit amount Enter a credit amount 3. Oct. 31 enter an account title to record the third transaction Enter a debit amount Enter a credit amount enter an account title to record the third transaction Enter a debit amount Enter a credit amount 4. Oct. 31 enter an account title to record the fourth transaction Enter a debit amount Enter a credit amount enter an account title to record the fourth transaction Enter a debit amount Enter a credit amount 5. Oct. 31 enter an account title to record the fifth transaction Enter a debit amount Enter a credit amount enter an account title to record the fifth transaction Enter a debit amount Enter a credit amount 6. Oct. 31 enter an account title to record the sixth transaction Enter a debit amount Enter a credit amount enter an account title to record the sixth transaction Enter a debit amount Enter a credit amount 7. Oct. 31 enter an account title to record the seventh transaction Enter a debit amount Enter a credit amount enter an account title to record the seventh transaction Enter a debit amount Enter a credit amount

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The unadjusted trial balance for Riverbed Corp. is shown below.

RIVERBED CORP. Trial Balance October 31, 2022
	Debit	Credit
Cash	$15,350
Supplies	2,990
Prepaid Insurance	750
Equipment	5,000
Notes Payable		$5,000
Accounts Payable		2,870
Unearned Service Revenue		2,190
Common Stock		11,750
Retained Earnings		0
Dividends	560
Service Revenue		8,000
Salaries and Wages Expense	4,000
Rent Expense	1,160
	$29,810	$29,810

Assume the following adjustment data.

1.		Supplies on hand at October 31 total $710.
2.		Expired insurance for the month is $125.
3.		Depreciation for the month is $55.
4.		As of October 31, services worth $840 related to the previously recorded unearned revenue had been performed.
5.		Services performed but unbilled (and no receivable has been recorded) at October 31 are $340.
6.		Interest expense accrued at October 31 is $75.
7.		Accrued salaries at October 31 are $1,550.

Prepare the adjusting entries for the items above. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	Oct. 31	enter an account title to record the first transaction	Enter a debit amount	Enter a credit amount
		enter an account title to record the first transaction	Enter a debit amount	Enter a credit amount
2.	Oct. 31	enter an account title to record the second transaction	Enter a debit amount	Enter a credit amount
		enter an account title to record the second transaction	Enter a debit amount	Enter a credit amount
3.	Oct. 31	enter an account title to record the third transaction	Enter a debit amount	Enter a credit amount
		enter an account title to record the third transaction	Enter a debit amount	Enter a credit amount
4.	Oct. 31	enter an account title to record the fourth transaction	Enter a debit amount	Enter a credit amount
		enter an account title to record the fourth transaction	Enter a debit amount	Enter a credit amount
5.	Oct. 31	enter an account title to record the fifth transaction	Enter a debit amount	Enter a credit amount
		enter an account title to record the fifth transaction	Enter a debit amount	Enter a credit amount
6.	Oct. 31	enter an account title to record the sixth transaction	Enter a debit amount	Enter a credit amount
		enter an account title to record the sixth transaction	Enter a debit amount	Enter a credit amount
7.	Oct. 31	enter an account title to record the seventh transaction	Enter a debit amount	Enter a credit amount
		enter an account title to record the seventh transaction	Enter a debit amount	Enter a credit amount

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