E$3-29.$ Assessing Financial Statement Effects of Adjustments

For each of the following separate situations, prepare the necessary accounting adjustments using the

financial statement effects template.

a$.$ Unrecorded depreciation on equipment is $$720.$

b$.$ The supplies account has a balance of $$3,870.$ Supplies still available at the end of the period total

$$1,100.$

c$.$ On the date for preparing financial statements, an estimated utilities expense of $$430$ has been in$-$

curred, but no utility bill has yet been received or paid.

d$.$ On the first day of the current period, rent for four periods was paid and recorded as a $$3,200$ in$-$

crease to prepaid rent and a $$3,200$ decrease to cash.

$e.$ Nine months ago, a one$-$year service policy was sold to a customer, and the seller recorded the

cash received by crediting unearned revenue for $$1,872.$ No accounting adjustments have been

prepared during the nine$-$month period. The seller is now preparing annual financial statements.

$f.$ At the end of the period, employee wages of $$965$ have been incurred but not paid or recorded.

$g.$ At the end of the period, $$300$ of interest has been earned but not yet received or recorded.