Top Secret Surveillance Services had the following adjustments as of the end of the year. (Click...

  

Transcribed Image Text:

Top Secret Surveillance Services had the following adjustments as of the end of the year. (Click the icon to view the adjustments.) 6. For each situation, indicate which category of adjustment (deferral or accrual) is described. 7. Journalize the adjusting entry needed. GETTR More info a. Equipment depreciation was $1,300. b. $1,500 of advertising expense was incurred but not paid. (Use Advertising Payable.) c. Office Supplies on hand at the end of the year totaled $25. The beginning balance of Office Supplies was $300. (Assume no office supplies were purchased during the period.) d. $1,600 of rent revenue was earned but not recorded or received. e. Unearned revenue of $3,600 has been earned. - X Top Secret Surveillance Services had the following adjustments as of the end of the year. (Click the icon to view the adjustments.) 6. For each situation, indicate which category of adjustment (deferral or accrual) is described. 7. Journalize the adjusting entry needed. GETTR More info a. Equipment depreciation was $1,300. b. $1,500 of advertising expense was incurred but not paid. (Use Advertising Payable.) c. Office Supplies on hand at the end of the year totaled $25. The beginning balance of Office Supplies was $300. (Assume no office supplies were purchased during the period.) d. $1,600 of rent revenue was earned but not recorded or received. e. Unearned revenue of $3,600 has been earned. - X

Answer rating: 100% (QA)

Category of Adjustment and Adjusting Entry a Deferral Depreciation Expense Debit Dep... View the full answer