Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid, Accrual, or Depreciation....

 

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Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid, Accrual, or Depreciation. Use Unadj. Bal. as the label for the opening balance of each account. Calculate the adjusted balance and use a Bal. posting reference to show the ending balance of each account. Enter each transaction on the first available line in the T-Account. Recieved a bill for utilities for $7,920 which will be paid next month. Adjustment Type: Utilities Expense The unadjusted balance of Office Supplies at Dec. 31 is $10,400 and at year end the office supplies on hand totaled $1,860. Adjustment Type: Supplies Expense Utilities Payable Office Supplies Depreciation for the current year includes Equipment, $3,220. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $8,000. Adjustment Type: Depreciation Expense - Equipment Accumulated Depreciation - Equipment Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid, Accrual, or Depreciation. Use Unadj. Bal. as the label for the opening balance of each account. Calculate the adjusted balance and use a Bal. posting reference to show the ending balance of each account. Enter each transaction on the first available line in the T-Account. Recieved a bill for utilities for $7,920 which will be paid next month. Adjustment Type: Utilities Expense The unadjusted balance of Office Supplies at Dec. 31 is $10,400 and at year end the office supplies on hand totaled $1,860. Adjustment Type: Supplies Expense Utilities Payable Office Supplies Depreciation for the current year includes Equipment, $3,220. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $8,000. Adjustment Type: Depreciation Expense - Equipment Accumulated Depreciation - Equipment

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Adjustment Type Accrued Expense Utilities Expense Utilities payable Dec 31 7920 ... View the full answer