SHORT EXERCISES Exercise 1 (30 points) Data relating to the balances of various accounts affected by adjusting or closing entries appear supply the missing journal entries which would logically account for the changes in the account below. (The entries which caused the changes in the balances are not given.) You are asked to balances. Wy 1. Unearned rent at 1/1/22 was 5,300 and at 12/31/22 was 8,000. The records indicate cash the Unearned Rent Account. You are to prepare the missing adjusting entry. receipts from rental sources during 2022 amounted to 40,000, all of which was credited to 2. Allowance for doubtful accounts on 1/1/22 was 50,000. The balance in the allowance account on 12/31/22 after making the annual adjusting entry was 65,000 and during 2022 bad debts written off amounted to 30,000. You are to provide the missing adjusting entry. 2bs12 som viserap ons corony eloogapr wolt dess 3 sq sal ynsamoo ah batelor erit n nouermoini edt abuloni orig 1672 evneomoo ar no Spesin nousgido sonemohoq en

Shont Exencisss Exercise 1 (ao pointe) Dota retating to povinta tupely the maties which couled the changes in the balmoes ave not given. Y You are asked to ballenses Writlert off amounded to 80000 rou are to piovise the niasing adjusting entry