[snowmist69]

I have done this about 30 times and haven't got it right yet. Here is the tail balnce before I did anything.
Cash 13,786
Office supplies 991
Accounts recievable 24,840
Prepaid rent 1400
Office equipment 7,300
Accumulated depreciation Office Equipment 2600
Accounts Payable 1820
Notes payable 10,000
Unearned Service Revenue 2,860
M. Sirot Capital 30,387
M. Sirot Withdrawal 15,000
Service Revenue 58,500
Salaries Expense 33,400
Utilities Expense 1,750
Rent Expense 7,700

Total is$106,167 for both sides

Here is what I'm supposed to be adjusting

Ending inventory of office supplies $97
Prepaid rent expired $500
Depreciation of office equipment for this period $720
Interest accured on notes payable $600
Salaries accured at the end of the period $230
Severice Revenue still unearned at the end of the period $1410
Severice revenue earned but not billed $915



Here is what I have done please help show me what I did wrong.

Cash 13,786
Accounts Recievable 25,755
Office supplies 97
Prepaid rent 500
Office equipment 7,300
Accumulated depreciation Office Equipment 3,320
Accounts payable 1,820
Notes payable 10,000
Unearned servise 1410
M. Sirot Capital 30,387
M. Sirot Withdrawals 15,00
Service Revenue 60,825
Salaries Expense 33,630
Utilities expense 1,750
Rent Expense 7,700
Office supply Expense 894
Interest Expense 600
Office depreciation Equipment Expense 720
Salaries Payable 230
Interest payable 600

Total107,732 for the left side and 108,592 for the right
So I know I'm off somewhere just don't know where I been close just not right yet.

[Just Looking]

I found the following:

1. Service revenue earned but not billed $915 - you have this in A/R. Since it wasn't billed, you want it in an Earned Revenue Receivable account, also an asset.
2. Prepaid rent expired is $500. They are not saying that the final balance is 500, rather that $500 should be expensed. Also affects rent expense account.
3. Check your Service Revenue. You are correct that $1410 is the final balance, meaning there was an adjustment for $1450. It looks like your credit was made for $1410 instead of $1450.
4. Your rent expense should have changed due to the portion of prepaid rent that was expensed.

Please let me know if you have any questions. Thanks.

[snowmist69]

Thank you for the help.