Iron River Company, an electronics repair store, prepared the unadjusted trial balance at the end of its
Question:
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For preparing the adjusting entries, the following data were assembled:
a. Fees earned but unbilled on April 30 were $1,775.
b. Supplies on hand on April 30 were $1,200.
c. Depreciation of equipment was estimated to be $4,100 for the year.
d. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $1,750 of the services was provided between April 1 and April 30.
e. Unpaid wages accrued on April 30 were $600.
Instructions
Journalize the adjusting entries necessary on April 30,2008.
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a Accounts Receivable 1775 Fees Earned 1775 Accrued fees earned b Su...View the full answer
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ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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