The following selected accounts were taken from the general ledger of the Cone Corporation on September 30 before adjusting entries have been made. Cone makes adjusting entries quarterly.

Additional Information:
1. Rent expires at a rate of $900 per month.
2. Supplies on hand total $2,000.
3. Utilities incurred in September but not yet recorded or paid are $500.
4. The building depreciates at a rate of $2,700 per quarter.
5. $5,000 of the $8,500 unearned revenue has been earned during the quarter.
6. Interest of $250 on the notes receivable has been earned but not yet recorded.
Required
Prepare the necessary adjusting journal entries at September 30.

Transcribed Image Text:

Debit 4,000 5,400 100,000 25,000 Credit Supplies Prepaid Rent Building Notes Receivable Accumulated Depreciation Unearned Revenue 20,000 8,500