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At December 31 of the current year, Wildhorse Corporation had a number of items that were not reflected in its accounting records. Maintenance and repair
At December 31 of the current year, Wildhorse Corporation had a number of items that were not reflected in its accounting records. Maintenance and repair costs of $ 616 were incurred but not paid. Utilities costing $ 192 were used but not paid, and use of a warehouse space worth $ 1,520 was provided to a tenant who had not been billed as of the end of the month. Record the required adjusting entries related to these events. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Maintenance and Repairs Expense (To record maintenance and repairs costs) Dec. 31 (To record utilities) Dec. 31 (To record warehouse rent)
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