Selected account balances before adjustment for Oval Realty at April 30, 2010, the end of the current
Question:
Selected account balances before adjustment for Oval Realty at April 30, 2010, the end of the current year, are shown at the top of the next page.
Data needed for year-end adjustments are as follows:a. Supplies on hand at April 30, $600.b. Depreciation of equipment during year, $1,000.c. Rent expired during year, $6,000.d. Wages accrued but not paid at April 30, $1,900.e. Unearned fees at April 30, $3, 750.f. Unbilled fees at April 30, $4, 500.InstructionsJournalize the six adjusting entries required at April 30, based on the datapresented.
Transcribed Image Text:
Debits Credits $ 65,000 Accounts Receivable Accumulated Depreciation Depreciation Expense Equipment Fees Earned $ 10,000 100,000 379,500 Prepaid Rent Rent Expense Supplies Supplies Expense Unearned Fees 8,200 1,950 9,000 Wages Expense Wages Payable 128,000
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a b C Supplies expense Supplies Depreciation e...View the full answer
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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