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.

Transcribed Image Text:

Debits 40.000 100,000 Credits Accounts Receivable Equipment... Accumulated Depreciation Prepaid Rent Supplies Wages Payable.. Unearned Fees.. Fees Earned.. Wages Expense Rent Expense. 12,000 9,000 1,800 6,000 215,000 75,000 Supplies Expense