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eBook Show Me How On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty:
eBook Show Me How On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty: Fees accrued but unbilled at May 31 are $12,700. The supplies account balance on May 31 is $4,180. The supplies on hand at May 31 are $1,190. Wages accrued but not paid at May 31 are $1,600. The unearned rent account balance at May 31 is $12,450, representing the receipt of an advance payment on May 1 of three months' rent from tenants. Depreciation of office equipment is $2,120. Required: I Journalize the adjusting entries required at May 31. If an amount box does not require an entry, leave it blank. Date Account May 31 Accounts Receivable " Fees Earned 31 Supplies Expense Supplies 31 Wages Expense Wages Payable 31 Unearned Rent Rent Revenue C Debit Credit 58F Cloudy 7:41 P 2/6/20
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