Selected account balances before adjustment for Flanders Realty at March 31, 2006, the end of the current year, are as follows:

Data needed for year-end adjustments are as follows:
a. Supplies on hand at March 31, $350.
b. Depreciation of equipment during year, $1,450.
c. Rent expired during year, $9,500.
d. Wages accrued but not paid at March 31, $1,050.
e. Unearned fees at March 31, $1,200.
f. Unbilled fees at March 31, $7,100.

Instructions
Journalize the six adjusting entries required at March 31, based upon the datapresented.

Transcribed Image Text:

Debits Credits Debits Credits Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Wages Payable s 4,800 170,850 Unearned Fees Fees Earned Wages Expense Rent Expense $28,250 1,770 15,500 80,500 $69,750 $16,900 Depreciation Expense -Supplies Expense