Selected account balances before adjustment for Perfect Realty at December
Selected account balances before adjustment for 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. Unbilled fees at December 31, $2,900.
b. Supplies on hand at December 31, $400.
c. Rent expired, $6,000.
d. Depreciation of equipment during year, $3,000.
e. Unearned fees at December 31, $800.
f. Wages accrued but not paid at December 31, $1,400.
Instructions
Journalize the six adjusting entries required at December 31, using the data presented.
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help