Exercise 1 Use MS Excel, to daily pay the input settings presented. As of August 31, the following information was accumulated to prepare the adjustment entries for the Casa de Papel company: The balance for the supplies account as of August 31 is $1,865. Materials on hand as of August 31 are worth $380.

The unearned rent account balance as of August 31 is $11,000. According to the receipt, tenants paid in advance on Aug. 1 for four months. Accumulated but unpaid wages as of Aug. 31 total $4,680.

Fees earned, but not charged, as of August 31 total $19,450. Accumulated depreciation is $1,800.

Exercise 2 In a document in MS Word, explain briefly and in your own words the difference between input settings and entries that are made to correct errors.

Exercise 3 In the same document in MS Word, it classifies the following items as accrued revenues, accrued expenses, unearned revenue, or prepaid expenses. Rent received in advance for the rental of office space

Premium paid for a one-year insurance policy Fee earned but not received Fee received but not won Account for ads that already appeared in the newspaper last month

Payment charged for a service that has not been completed Rent paid in advance Salary due, but payable in the next period