Selected account balances before adjustment for Green Lake Realty at August 31, 2008, the end of the current year, are shown below.

Data needed for year-end adjustments are as follows:
a. Supplies on hand at August 31, $500.
b. Depreciation of equipment during year, $1,375.
c. Rent expired during year, $4,525.
d. Wages accrued but not paid at August 31, $2,200.
e. Unearned fees at August 31, $1,500.
f. Unbilled fees at August 31, $6,780.

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

Transcribed Image Text:

Debits Credits Accounts Receivable Accumulated Depreciation Depreciation Expense Equipment Fees Earned Prepaid Rent Rent Expense Supplies Supplies Expense Unearned Fees Wages Expense Wages Payable S38,250 S26,900 90,500 9,750 2,145 275,500 6,175 81,500 9