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Ellis Interiors is a local design business in Mobile. At the end of the year, the accountant. accumulates the following adjustment data at December 31.
Ellis Interiors is a local design business in Mobile. At the end of the year, the accountant. accumulates the following adjustment data at December 31. Revenue of $900 collected in advance has now been earned. Depreciation on delivery vehicle is estimate to be $500 as of December 31 st Prepaid rent totaling $450 has expired as of December 31 st. Supplies of $550 have been used. Revenue earned but not yet received totaled $750. Utility expenses of $200 have been incurred but are unpaid as of December 31 st. Interest expense of $250 has been incurred but not paid as of December 31^st
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