Question

Selected account balances before adjustment for Close to Perfect Realty at December 31, 2015, the end of the current year, are as follows:
Data needed for year-end adjustments are as follows:
a. Receipt of unearned fees during the year of $6,000 has been recorded in fees earned, and $7,000 of last year’s unearned fees has been earned.
b. Supplies on hand, $3,000.
c. The total rent expense should be $8,000.
d. Depreciation of equipment during the year, $2,000.
e. Wages accrued but not paid at December 31, 2015, $600.
Instructions
Journalize the five adjusting entries required at December 31, 2015, using the data presented.


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  • CreatedSeptember 15, 2015
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