Question: The unadjusted trial balance of Walton Anvils
The unadjusted trial balance of Walton Anvils at December 31, 2018, and the data for the adjustments follow: 
Adjustment data: a. Unearned Revenue still unearned at December 31, $1,800. b. Prepaid Rent still in force at December 31, $2,100. c. Office Supplies used, $1,500. d. Depreciation, $390. e. Accrued Salaries Expense at December 31, $200. Requirements: 1. Open the T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31, 2018 (optional). 3. Prepare the adjusting entries, and post to the accounts. 4. Prepare an adjusted trial balance. 5. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form. 6. Prepare the closing entries, and post to the accounts. 7. Prepare a post-closing trial balance. 8. Calculate the current ratio for the company
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WALTON ANVILS Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 13,480 Accounts Receivable 14,500 Prepaid Rent 2,320 Office Supplies 1,700 Equipment 23.000 Accumulated Depreciation-Equipment $ 1,000 Accounts Payable 7,100 Salaries Payable Unearned Revenue 6,000 Common Stock 24,000 Retained Earnings 4,500 Dividends 4,600 Service Revenue 19,500 Salaries Expense 2,500 Rent Expense Depreciation Expense-Equipment Supplies Expense Total $ 62,100 $ 62,100
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> If a payment of a deferred expense was recorded under the alternative treatment, what account would be debited in the adjusting entry?
