Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and
Question:
Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data.
A. depreciation on fixed assets, $ 8,500 B. unexpired prepaid rent, $12,500 C. remaining balance of unearned revenue, $555
Transcribed Image Text:
Unadjusted Trial Balance Account Title Fixed assets Accumulated depreciation Prepaid rent Unearned revenue Debit 120,000 18,000 Credit 24,000 3,500
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781947172685
1st Edition
Authors: Patty Graybeal, Mitchell Franklin, Dixon Cooper
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