Prepare the adjusting and correcting enteries with narrations for December 30th
Extracted text: The following are the balances for Pineapple Heaven Plc. for year endee 2$ 151,200 75,000 4,500 Cash Accounts receivable Shop supplies Prepaid insurance expense Prepaid advertising expense Building Equipment Accumulated depreciation, equipment Accounts payable Accrued salaries payable Notes payable Unearned service revenue 13,500 6,000 222,000 30,000 6,000 36,000 46,500 60,000 90,000 3,000 74,700 375,000 66,000 Share capital Retained earnings Service revenue Salaries expense Shop supplies expense Advertising expense 600 6,600 Depreciation expense Maintenance service expense 4,200 15,600 Rent expense 60,000 Utilites expense 36,000 Additional information for Dec 30 2020 not yet recorded:
Extracted text: Kami StephenK Additional information for Dec 30 2020 not yet recorded: a. Unbilled and uncollected work to December 30 totals $135,000. b. An analysis of prepaid advertising shows that $1,500 of the balance was consumed. с. A shop supplies count on December 30 shows that $3,600 are on hand. d. Equipment has an estimated useful life of ten years and an estimated residual value of $1,500. е. The records show that fifty percent of the work, for a $30,000 fee received in advance from a customer and recorded in July, is now completed. f. Salaries of $17,400 for employees for work done to the end of December has not been paid. g. Utilities invoice for services to December 22 totals $10,500. h. Accrued revenues of $23,400 previously recorded to accounts receivable were collected. i. A building was purchased at the end of November. Its estimated useful life is fifty years and has an estimated residual value of $30,000. j. Rent expense of $15,000 cash for July has been paid and recorded directly to rent expense. j. Interest for the 6% note payable has not yet been recorded for December. k. Income taxes of $9,000 is owing but not yet paid. 1. Unrecorded and uncollected service revenue of $27,000 has been earned.