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 incurred, 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 $$3,200$ increase to prepaid rent and a $$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.