The trial balance of Kaplan Printing at December 31, 2017, appears below. The data needed for the month-end adjustments follow the trial balance.
Adjustment data:
a. Unearned printing revenue still remaining to be earned at December 31, $800.
b. Prepaid rent still available at December 31, $2,000.
c. Supplies used during the month, $450.
d. Amortization for the month, $660.
e. Accrued miscellaneous expense at December 31, $200 (credit Accounts Payable).
f. Accrued salaries expense at December 31, $1,975.
Required
1. Open T-accounts for the accounts listed in the trial balance, inserting their December 31 unadjusted balances.
2. Journalize the adjusting entries on December 31 and post them to the T-accounts. Identify the journal entries and posted amounts by their letter.
3. Prepare the adjusted trial balance.
4. How will the company use the adjusted trial balance?
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