Chapter 03 – Adjusting Accounts for Financial Statements
Problem 3-7A (Continued)
Part 5—continued
ADVENTURE TRAVEL
Balance Sheet
April 30, 2013
Assets
Cash ………………………………………………………………………. $27,000
Accounts receivable ………………………………………………. 1,750
Office supplies ……………………………………………………….. 600
Prepaid insurance ………………………………………………….. 2,267
Chapter 03 – Adjusting Accounts for Financial Statements
PROBLEM SET B
Problem 3-1B (15 minutes)
1. H 5. B 9. I
Problem 3-2B (30 minutes)
Part 1 Adjustment (a)
Oct. 31 Office Supplies Expense ………………………………… 4,370
Office Supplies ………………………………………… 4,370
To record cost of supplies used
