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At Dec 31,2019, the account balances for Talal Companty and Associated were shown in the following unadjusted TB: Account Name Dr Cr Cash $50,000 Unearned
At Dec 31,2019, the account balances for Talal Companty and Associated were shown in the following unadjusted TB: Account Name Dr Cr Cash $50,000 Unearned Services Revenue $20,000 Services Revenue 0 Supplies Expenses 0 Supplies 10,000 Prepaid Rent 15,000 Rent Expenses 0 Interest Expenses 0 Interest Payable 0 Equipment 75,000 Depreciation Expenses 0 Accumulated Depreciation 5,000 Capital Shares 125,000 Total 150,000 150,000 An analysis of the account balances by the company's accountant provided the following additional information: 1. $8000 of unearned revenue was earned during 2019. 2. During 2019, the amount of used supplies $7,000. 3. The company paid rent expense $500 per month At Dec.31,2019, the account balances for Talal Companty and Associated were shown in the following unadjusted TB: Account Name Dr CF Cash $50,000 Unearned Services Revenue 520.000 Services Revenue 0 Supplies Expenses 0 Supplies 10,000 Prepaid Rent 15,000 Rent Expenses 0 Interest Expenses 0 Interest Payable Equipment 75,000 Depreciation Expenses 0 Accumulated Depreciation 5,000 Capital Shares 125,000 Total 150,000 150,000 0 An analysis of the account balances by the company's accountant provided the following additional information: 1. $8000 of unearned revenue was earned during 2019. 2. During 2019, the amount of used supplies $7,000. 3. The company paid rent expense $500 per month. 4. $2,000 of interest was not paid or recorded up to the end of 2019. 5 The depreciation expense of equipment $5,000 per year. Prepare the adjusting entries at the end of 2019
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