The unadjusted trial balance of Northern Exposure Inc. had these balances for the following select accounts: Supplies

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The unadjusted trial balance of Northern Exposure Inc. had these balances for the following select accounts: Supplies $3,100, Unearned Service Revenue $8,200, and Prepaid Rent $1,200. At the end of the period, a count showed $500 of supplies on hand. Services of $2,900 had been performed related to the unearned revenue account, and one month’s worth of rent, worth $400, had been consumed by Northern Exposure. Record the required adjusting entries related to these events.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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