a. Equipment depreciation was $1,500. b. $700 of advertising expense was incurred but not paid. (Use...

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a. Equipment depreciation was $1,500. b. $700 of advertising expense was incurred but not paid. (Use Advertising Payable.) c. Office Supplies on hand at the end of the year totaled $250. The beginning balance of Office Supplies was $600. (Assume no office supplies were purchased during the period.) d. $1,200 of rent revenue was earned but not recorded or received. e. Unearned revenue of $3,000 has been earned. a. Equipment depreciation was $1,500. b. $700 of advertising expense was incurred but not paid. (Use Advertising Payable.) c. Office Supplies on hand at the end of the year totaled $250. The beginning balance of Office Supplies was $600. (Assume no office supplies were purchased during the period.) d. $1,200 of rent revenue was earned but not recorded or received. e. Unearned revenue of $3,000 has been earned.

Answer rating: 100% (QA)

To adjust the accounts for the given transactions we need to make the following journal entr... View the full answer