Ok here is the information I have and what I have done with it thus far, I guess I am not sure exactly what it is asking of me?
Account # Account Title Debit Credit
11 Cash... $ 4,900
12 Accounts Receivable... 15,310
13 Prepaid Rent... 2,200
14 Supplies... 840
15 Equipment... 26,830
16 Accumulated Depreciation-Equipment... $3,400
21 Accounts Payable... 7,290
22 Salary Payable...
23 Unearned Service Revenue... 5,300
31 Melanie Lange Capital... 28,290
32 Melanie Lange Withdrawals... 3,900
41 Service Revenue... 12,560
51 Salary expense... 2,860
52 Rent Expense...
54 Depreciation Expense-Equipment...
56 Supplies Expense...
Adjusting data at October 31:
a. Unearned service revenue still unearned , $800
b. Prepaid rent still in force, $2,000
c. Supplies used, $770
d. Decpreciation on equipment for the month, $250
e. Accrued salary expense, $310
1. Open the accounts listed in the trial balance, inserting their October 31 unadjusted balances, Also open the Income Summary account, number 33. Use four-column accounts. Date the balances of the following accounts October 1: Prepaid Rent, Supplies, Equipment, Accumulated Depreciation-Equipment, Unearned Service Revenue, and Melanie Lange Capital.
2. Enter the trial balance on a work sheet & complete the work sheet of Lane Party Productions for the month ended October 31, 20X6
3. Preparie the income statement, statement of owner's equity, and classified balance sheet in report form.
4. Using the work sheet data that you prepare, journalize and post the adjusting and closing entries. Use dates and posting references. Use 12 as the journal page number.
5. Prepare a post closing trial balance.
HERE IS MY MAIN QUESTION..do I need to enter the adjusting data before I can do 2-5?
