Dat 20X a. b. C. d. e. Journalize the adjusting entries for the items below. Assume...

 

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Dat 20X a. b. C. d. e. Journalize the adjusting entries for the items below. Assume a June 30 fiscal year-end. a. The company received $10,000 as cash in advance for services to be performed. The company's accountant debited Cash and credited Unearned Fees upon receiving this cash. As of June 30, 20% of the services had been performed. b. Supplies at the beginning of the fiscal period amounted to $500. During the period, the company purchased additional supplies totaling $1,000. At June 30, supplies on hand were $300. c. Fees earned but not yet billed as of June 30 totaled $1,500. d. Salaries for a five-day work week total $60,000. June 30 ended on a Tuesday. e. The company paid rent in advance of $18,000 on April 30 for a six-month lease. The company's accountant debited Prepaid Rent and credited Cash when this payment was made. Description Credit Adjusting Entries Debit Dat 20X a. b. C. d. e. Journalize the adjusting entries for the items below. Assume a June 30 fiscal year-end. a. The company received $10,000 as cash in advance for services to be performed. The company's accountant debited Cash and credited Unearned Fees upon receiving this cash. As of June 30, 20% of the services had been performed. b. Supplies at the beginning of the fiscal period amounted to $500. During the period, the company purchased additional supplies totaling $1,000. At June 30, supplies on hand were $300. c. Fees earned but not yet billed as of June 30 totaled $1,500. d. Salaries for a five-day work week total $60,000. June 30 ended on a Tuesday. e. The company paid rent in advance of $18,000 on April 30 for a six-month lease. The company's accountant debited Prepaid Rent and credited Cash when this payment was made. Description Credit Adjusting Entries Debit

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a Adjusting entry for recognizing the services performed Debit Unearned Fees 2000 Credit Fees Ea... View the full answer