The accounting records of Mackay Architects include the following selected, unadjusted balances at March 31: Accounts Receivable,
Question:
a. Service revenue accrued, $700.
b. Unearned revenue that has been earned, $100.
c. Office Supplies on hand, $300.
d. Salaries owed to employees, $200.
e. One month of prepaid rent has expired, $560.
f. Depreciation on equipment, $120.
Requirements
1. Open a T-account for each account using the unadjusted balances given.
2. Journalize the adjusting entries using the letter and March 31 date in the date column.
3. Post the adjustments to the T-accounts, entering each adjustment by letter.
Show each account's adjusted balance.
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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