Question: Selected information in T-account format is presented below. Journalize the most likely adjustments that caused the balances to change. a. Accounts Receivable Unadjusted Bal. Dec.

Selected information in T-account format is presented below. Journalize the most likely adjustments that caused the balances to change.

a.

Accounts Receivable
Unadjusted Bal. Dec. 31/20 7,500
Adjusted Bal. Dec. 31/20 9,050

b.

Prepaid Rent
Unadjusted Bal. Dec. 31/20 27,000
Adjusted Bal. Dec. 31/20 21,900

c.

Accumulated Depreciation, Machinery
8,450 Unadjusted Bal. Dec. 31/20
12,100 Adjusted Bal. Dec. 31/20

d.

Unearned Revenue
7,600 Unadjusted Bal. Dec. 31/20
3,750 Adjusted Bal. Dec. 31/20

e.

Salaries Expense
Unadjusted Bal. Dec. 31/20 57,000
Adjusted Bal. Dec. 31/20 60,500

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