?The following are the account balances at the end of the first month of business before adjusting entrieswere made:Accounts PayableAccounts ReceivableCashConsulting RevenueEquipmentCommon StockDividendsPrepaid RentSupplies$$300$$750$$6,300$$4,925$$7,000$$15,000$$1,375$$4,000$$800$Adjustment data:Supplies on hand at the end of the month, $$200$Unbilled consulting revenue, $$700$Rent expense for the month, $$1,000$Depreciation on equipment, $$90$a$.$ ?Journalize the required adjusting entries. If an amount box does not require an entry, leave it blank.

Transcribed Image Text:

(Ch. 3 and 4) hes started JJJ Consulting on January 1. The following are the account balances at the end of the first month of business before adjusting entries were made: Accounts Payable $300 Accounts Receivable 750 Cash 6,300 Consulting Revenue 4,925 Equipment 7,000 Common Stock 15,000 Dividends 1,375 Prepaid Rent 4,000 800 Supplies Adjustment data: 1. Supplies on hand at the end of the month, $200 2. Unbilled consulting revenue, $700 3. Rent expense for the month, $1,000 4. Depreciation on equipment, $90 a. Journalize the required adjusting entries. If an amount box does not require an entry, leave it blank. (Ch. 3 and 4) hes started JJJ Consulting on January 1. The following are the account balances at the end of the first month of business before adjusting entries were made: Accounts Payable $300 Accounts Receivable 750 Cash 6,300 Consulting Revenue 4,925 Equipment 7,000 Common Stock 15,000 Dividends 1,375 Prepaid Rent 4,000 800 Supplies Adjustment data: 1. Supplies on hand at the end of the month, $200 2. Unbilled consulting revenue, $700 3. Rent expense for the month, $1,000 4. Depreciation on equipment, $90 a. Journalize the required adjusting entries. If an amount box does not require an entry, leave it blank.