Learning Objective $3,$ E$3-24$ Journalizing adjusting entries and posting to T$-$accounts

The accounting records of Mackay Architects include the following selected, unadjusted

Unearned Revenue bal. $$800$ CR

balances at March $31$: Accounts Receivable, $$1,500$; Office Supplies, $$700$; Prepaid

Rent, $$2,240$; Equipment, $$8,000$; Accumulated Depreciation$-$Equipment, $$0$; Salaries

Payable, $$0$; Unearned Revenue, $$900$; Service Revenue, $$4,100$; Salaries Expense, $$800$;

Supplies Expense, $$0$; Rent Expense, $$0$; Depreciation Expense$-$Equipment, $$0.$ The

data developed for the March $31$ adjusting entries are as follows:

a$.$ Service revenue accrued, $$700.$

b$.$ Unearned revenue that has been earned, $$100.$

c$.$ Office Supplies on hand, $$300.$

d$.$ Salaries owed to employees, $$200.$

e$.$ One month of prepaid rent has expired, $$560.$

f$.$ Depreciation on equipment, $$120.$

Requirements

Open a T$-$account for each account using the unadjusted balances given.

Journalize the adjusting entries using the letter and March $31$ date in the date

column.

Post the adjustments to the T$-$accounts, entering each adjustment by letter.

Show each account's adjusted balance.