The unadjusted trial balance that you prepared for Dancin Music at the end of Chapter 2 should appear as follows:The data needed to determine adjustments for the two-month period ending May 31, 2008, are as follows:a. During May, Dancin Music provided guest disc jockeys for KPRG for a total of 115 hours.For information on the amount of the accrued revenue to be billed to KPRG, see the contract described in the May 3, 2008, transaction at the end of Chapter 2.b. Supplies on hand at May 31, $160.c. The balance of the prepaid insurance account relates to the May 1, 2008, transaction at the end of Chapter 2.d. Depreciation of the office equipment is $100.e. The balance of the unearned revenue account relates to the contract between Dancin Music and KPRG, described in the May 3, 2008, transaction at the end of Chapter 2.f. Accrued wages as of May 31, 2008, were $200.Instructions1. Prepare adjusting journal entries. You will need the following additional accounts:18 Accumulated Depreciation-Office Equipment 22 Wages Payable 57 Insurance Expense 58 Depreciation Expense2. Post the adjusting entries, inserting balances in the accounts affected.3. Prepare an adjusted trialbalance.
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The unadjusted trial balance that you prepared for Dancin Music



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