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    Adjusting entries and adjusted trial balance

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    Vektek Consulting, Inc., began operating on May 1, 2006. The trial balance at May 31 is as follows (see attached document).

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    https://brainmass.com/business/trial-balance/adjusting-entries-post-ledger-accounts-trial-balance-168213

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    Please see the attached file for further details.

    Trial Balance - May 31, 2006

    Acct # Debit Credit
    101 Cash 7,700
    110 Accts Rec 4,000
    120 Prepaid Insurance 2,400
    130 Supplies 1,500
    135 Office Furn 12,000
    200 Accts Payable 3,500
    230 Unearned Service Revenue 3,000
    311 Common Stock ...

    Solution Summary

    The solution explains how to prepare the adjusting entries and the adjusted trial balance for Vektek Consulting (see Excel spreadsheet for further details).

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