Questions: The trial balance columns of the worksheet for Oriole Company at June 30, 2022, are as follows. Oriole Company Worksheet For the Month Ended June 30, 2022 Trial Balance ----------------------------------- Account Titles Dr. Cr. Cash 2,000 Accounts Receivable 2,700 Supplies 1,900 Accounts Payable 1,000 Unearned Service Revenue 380 Owner's Capital 2,300 Service Revenue 3,600 Salaries and Wages Expense 510 Miscellaneous Expense 170 Total 7,280 7,280 Other data: 1. A physical count reveals 500 of supplies on hand.

To address the question, we need to prepare the necessary adjusting entries based on the provided trial balance and additional data. Here’s a step-by-step approach:

The trial balance for Oriole Company as of June 30, 2022, is balanced with total debits and credits both equaling $7,280. The accounts listed are:

• Cash: $2,000 (Dr.)
• Accounts Receivable: $2,700 (Dr.)
• Supplies: $1,900 (Dr.)
• Accounts Payable: $1,000 (Cr.)
• Unearned Service Revenue: $380 (Cr.)
• Owner's Capital: $2,300 (Cr.)
• Service Revenue: $3,600 (Cr.)
• Salaries and Wages Expense: $510 (Dr.)
• Miscellaneous Expense: $170 (Dr.)

The additional data indicates that a physical count reveals $500 of supplies on hand. This means that the supplies used during the period need to be accounted for.

• Supplies on hand at the beginning: $1,900
• Supplies on hand at the end: $500
• Supplies used: $1,900 - $500 = $1,400

• Debit Supplies Expense: $1,400
• Credit Supplies: $1,400

After making the adjusting entry, the adjusted trial balance will reflect the changes. Here’s how the adjusted trial balance looks:

\[ \begin{array}{|c|c|c|} \hline \multicolumn{3}{|l|}{\begin{tabular}{l} Oriole Company \\ Adjusted Trial Balance \\ For the Month Ended June 30, 2022 \end{tabular}} \\ \hline & \multicolumn{2}{|l|}{ Adjusted Trial Balance } \\ \hline Account Titles & Dr. & Cr . \\ \hline Cash & 2,000 & \\ \hline Accounts Receivable & 2,700 & \\ \hline Supplies & 500 & \\ \hline Accounts Payable & & 1,000 \\ \hline Unearned Service Revenue & & 380 \\ \hline Owner's Capital & & 2,300 \\ \hline Service Revenue & & 3,600 \\ \hline Salaries and Wages Expense & 510 & \\ \hline Miscellaneous Expense & 170 & \\ \hline Supplies Expense & 1,400 & \\ \hline Total & 7,280 & 7,280 \\ \hline \end{array} \]

• Supplies: The balance is reduced to $500, reflecting the supplies on hand.
• Supplies Expense: A new account is added with a debit of $1,400, representing the supplies used during the period.

The adjusted trial balance ensures that all accounts are accurately represented as of June 30, 2022, after considering the physical count of supplies. This adjustment is crucial for accurate financial reporting and ensures that the expenses are correctly matched with the revenues of the period.