Question

Selected account balances before adjustment for Kristjanson 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 $8,000 has been recorded in fees earned.
$5,000 of last year’s unearned fees has been earned.
b. Supplies on hand, $3,200.
c. The total rent expense should be $6,000.
d. Depreciation of equipment during the year, $3,500.
e. Wages accrued but not paid at December 31, 2015, $400.
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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