Question: PROBLEM 2 (15 points) Prepare year-end adjustments for the following transactions. Omt explanations advance from a customer, before any services A payment of $4,000 was
PROBLEM 2 (15 points) Prepare year-end adjustments for the following transactions. Omt explanations advance from a customer, before any services A payment of $4,000 was collected were performed. By year end, $3,000 was still unearned. Account Name Debit credit 2. Three years' rent, totaling $45,000, was paid in advance at the beginning of the year. Account Name Debit Credit 3. Services totaling S2.900 had been performed but not yet billed at the end of the year. Credit Debit Account Name 4. Depreciation on equipment totaled $6,500 for the year. Account Name Debt credit 5. supplies purchased totaled $850. By year end, only $250 of supplies remained. Account Name Debit credit
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