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

Data needed for year-end adjustments are as follows:
a. Unbilled fees at May 31, $1,150.
b. Supplies on hand at May 31, $360.
c. Rent expired $6,000.
d. Depreciation of equipment during year, $1,650.
e. Unearned fees at May 31, $1,775.
f. Wages accrued but not paid at May 31, $2,180.

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

Transcribed Image Text:

Debits Credits Debits Credits Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Wages Payable $11,250 1,750 7,500 52,500 Unearned Fees Fees Earned Wages Expense Rent Expense 6,500 117,950 $59,400 $8,900 Depreciation Expense -Supplies Expense