Three years ago, T. Roderick organized Harbor Realty. At July 31, 2012, the end of the...

   

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Three years ago, T. Roderick organized Harbor Realty. At July 31, 2012, the end of the current year, the unadjusted trial balance of Harbor Realty appears as shown below. Cash Accounts Receivable.. Supplies.. Prepaid Insurance. Office Equipment Accumulated Depreciation-Office Equipment.. Accounts Payable Wages Payable. Unearned Fees... T. Roderick, Capital. T. Roderick, Drawing. Fees Earned. Wages Expense Harbor Realty Unadjusted Trial Balance July 31, 2012 Depreciation Expense Rent Expense Utilities Expense Supplies Expense... Insurance Expense Miscellaneous Expense. Debit Balances 3,425 7,000 1,270 620 $1,650 5,200 22,415 0 4,200 2,715 0 0 1,505 100,000 Credit Balances 9,700 925 0 1,250 29,000 59,125 100,000 The data needed to determine year-end adjustments are as follows: a. Supplies on hand at July 31, 2012, $380. b. Insurance premiums expired during the year, $315. c. Depreciation of equipment during the year, $4,950. d. Wages accrued but not paid at July 31, 2012, $440. e. Accrued fees earned but not recorded at July 31, 2012, $1,000. f. Unearned fees on July 31, 2012, $750. Prepare the necessary adjusting journal entries. Include journal entry explanations. Three years ago, T. Roderick organized Harbor Realty. At July 31, 2012, the end of the current year, the unadjusted trial balance of Harbor Realty appears as shown below. Cash Accounts Receivable.. Supplies.. Prepaid Insurance. Office Equipment Accumulated Depreciation-Office Equipment.. Accounts Payable Wages Payable. Unearned Fees... T. Roderick, Capital. T. Roderick, Drawing. Fees Earned. Wages Expense Harbor Realty Unadjusted Trial Balance July 31, 2012 Depreciation Expense Rent Expense Utilities Expense Supplies Expense... Insurance Expense Miscellaneous Expense. Debit Balances 3,425 7,000 1,270 620 $1,650 5,200 22,415 0 4,200 2,715 0 0 1,505 100,000 Credit Balances 9,700 925 0 1,250 29,000 59,125 100,000 The data needed to determine year-end adjustments are as follows: a. Supplies on hand at July 31, 2012, $380. b. Insurance premiums expired during the year, $315. c. Depreciation of equipment during the year, $4,950. d. Wages accrued but not paid at July 31, 2012, $440. e. Accrued fees earned but not recorded at July 31, 2012, $1,000. f. Unearned fees on July 31, 2012, $750. Prepare the necessary adjusting journal entries. Include journal entry explanations.

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a Prepare the necessary adjusting journal entries Include Journal ent... View the full answer