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EnviroWastes year-end is December 31. The information in (a) to (e) is available at year-end for the preparation of adjusting entries: Of the $18,900 balance
EnviroWastes year-end is December 31. The information in (a) to (e) is available at year-end for the preparation of adjusting entries: Of the $18,900 balance in Unearned Revenue, $3,250 remains unearned. The annual building depreciation is $15,000. The Spare Parts Inventory account shows an unadjusted balance of $1,280. A physical count reveals a balance on hand of $1,020. Unbilled and uncollected services provided to customers totalled $15,000. The utility bill for the month of December was received but is unpaid; $2,500. The accrued revenues of $15,000 recorded in (d) were collected on January 4, 2024. The $2,500 utility bill accrued in (e) was paid on January 14, 2024. Required: Prepare the required adjusting entries at December 31, 2023, for (a) to (e) and the subsequent cash entries required for (f) and (g)
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