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a. Supplies on hand on December 31 were $750. b. Fees earned but unbilled on December 31 were $2,900. c. Depreciation of equipment was estimated
a. Supplies on hand on December 31 were $750. b. Fees earned but unbilled on December 31 were $2,900. c. Depreciation of equipment was estimated to be $5,400 for the year. d. Unpaid wages accrued on December 31 were $800. e. The balance in unearned fees represented the December 1 receipt in advance for services to be provided. Only $1,600 of the services was provided between December 1 and December 31.
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To journalize the adjusted entries on December 31 we need to make entries for the adjustments mentio...
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Accounting
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Volume 1, 2nd canadian Edition
176509739, 978-0176509736, 978-0176509743
