Help Save & Exit Submit Barton Inc. completed its first year of operations on December 31. Because this is the end of the fiscal year, the company bookkeeper prepared the following tentative statement of earnings: Statement of Earnings, Current Year Rental revenue $125,000 Expenses: Salaries and wages expense $29,600 Maintenance expense 13,100 Rent expense (on location) 10,100 Utilities expense 5,100 Gas and oil expense 4,100 Miscellaneous expenses (items not listed elsewhere) 2,100 Total expenses 64,200 Net earnings $ 60,900 26 You are an independent accountant hired by the company to auditits accounting systems and review its financial statements. In your audit. you developed additional data as follows: a. Unpaid wages for the last three days of December amounting to $420 were not recorded. b. The unpaid $510 telephone bill for December has not been recorded. c. Depreciation on rental cars, amounting to $24,100 for the current year, was not recorded. d. Interest on a $31,000, one-year, 10 percent note payable dated October 1 of the current year, was not recorded. The full amount of Interest is payable on the maturity date of the note. e. The deferred rental revenue account at December 31, Includes $5,100 to be earned in January of the next year Maintenance expense includes $2,100, which is the cost of maintenance supplies still on hand at December 31. These supplies will be used in the next year. 9. The income tax expense is $8,100. Payment of income tax will be made next year Required: 1. For each item (a) through (g. what adjusting entry, if any, do you recommend that Barton should record at December 317 (If no entry is required for a transaction/event, select "No journal entry required in the first account field) Required: 1. For each item (a) through (g), what adjusting entry, if any, do you recommend that Barton should record at December 317 (if no entr is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 N Record the entry for unpaid wages. Note: Enter debits before credits Debit General Journal Transaction Credit View general journal Record entry Clear entry hty, if any, do you recommend that Barton should record at December 317 (If no is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 29 3 4 5 6 7 Record the entry for unpaid telephone expenses. Note: Enter debits before credits. Transaction General Journal Debit Credit b. View general journal Record entry Clear entry 8 of 11 djusting entry, if any, do you recommend that Barton should record at December 317 (f no em is required for a transaction/event, select "No journal entry required" in the first account field.) 59 View transaction list Journal entry worksheet Required: 1. For each item (a) through (g. what adjusting entry, if any, do you recommend that Barton should record at December 312 (if no e is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 5 6 7 Record interest expense accrued but not payable. Note: Enter debits before credits. General Journal Debit Credit Transaction d. Record entry Clear entry View general Journal Required: 1. For each item (a) through (o, what adjusting entry, if any, do you recommend that Barton should record at December 317 (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 6 7 Record the $5,100 rental revenue to be earned in January of the next year. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal term Exam Help Save & E 8 interest is payable on the maturity date of the note. e. The deferred rental revenue account at December 31, Includes $5,100 to be earned in January of the next year Maintenance expense includes $2,100, which is the cost of maintenance supplies still on hand at December 31. These supplies will be used in the next year. a The income tax expense is $8,100. Payment of income tax will be made next year. Required: 1. For each item (a) through what adjusting entry, if any, do you recommend that Barton should record at December 317 of no entry is required for a transaction/event, select "No journal entry required in the first account field.) 1:37:38 View transaction list Journal entry worksheet Required: 1. For each item (a) through (g), what adjusting entry, if any, do you recommend that Barton should record at December 317 is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet