Browning Company, an electronics repair store, prepared the unadjusted trial balance shown below at the end of its first year of operations.
To prepare the adjusting entries, the following data were assembled:
a. Fees earned but unbilled on December 31 were $6,500.
b. Supplies on hand on December 31 were $1,850.
c. Depreciation of equipment was estimated to be $2,800 for the year.
d. The balance in unearned fees represented the December 1 receipt in advance for services to be provided. Only $3,000 of the services was provided between December 1 and December 31.
e. Unpaid wages accrued on December 31 were $1,275.
Journalize the adjusting entries necessary on December 31, 2015.

  • CreatedSeptember 15, 2015
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