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Below are the adjusting entries prepared by Dubai Corporation Briefly explain the transaction that led to the entry. 1. Depreciation Expense. Accumulated Depreciation 4,000 4,000

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Below are the adjusting entries prepared by Dubai Corporation Briefly explain the transaction that led to the entry. 1. Depreciation Expense. Accumulated Depreciation 4,000 4,000 11,300 2. Advertising Expense Prepaid Advertising 11,300 8,000 3. Unearned Revenue 8.000 Service Revenue. 3,000 3000 4. Accounts Receivable. Service Revenue. 4.000 400 5. Rent Expense. 1,500 Prepaid Rent 1,500 6. Supplies Expense. Supplies

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