The trial balance columns of the worksheet for Briscoe Company at June 30, 2008, are as follows.

BRISCOE COMPANY

Worksheet

For the Month Ended June 30, 2008
Trail Balance

Account Titles Dr. Cr.

Cash $2,320
Accounts Receivable 2,440
Supplies 1,880
Accounts Payable $1,120
Unearned Revenue 240
Common Stock 3,600
Service Revenue 2,400
Salaries Expense 560
Miscellaneous Expense 160
$7,360 $7,360


Other data:

1. A physical countreveals $300 of supplies on hand.
2. $100 of the unearned revenue is still unearned at month-end.
3. Accrued salaries are $280.

1. You need to do an adjusting entry for the difference between what your Supplies account balance says you have and what you actually have onhand.

2. The difference in your Unearned Revnue account and the amount still Unearned is the revnue that has been earned.

3. the amount listed is what employees have earned in wages and what you owe to your employees.