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Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid, Accrual, or Depreciation. Use Unadj. Bal. as the label for the opening
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid, Accrual, or Depreciation. Use Unadj. Bal. as the label for the opening balance of each account. Calculate the adjusted balance and use a Bal. posting reference to show the ending balance of each account. Enter each transaction on the first available line in the T-Account The unadjusted balance of Office Supplies at Dec 31 is 511,800 and at year end the office supplies on hand totaled $3,900. Adjustment Type: Deferrals propios Supplies Expense Office Supplies Recieved a bill for utilities for 510,560 which will be paid next month Adjustment Type: crum Utilities Expense Utilities Payable Recieved a bill for utilities for $10,560 which will be paid next me Adjustment Type: Accrual Utilities Expense Utilities Payable Customers were billed for $3,300 for work completed. The Service Revenue unadjusted balance as of December 31 is $11,100. Adjustment Type: Accrual Accounts Receivable Service Revenue
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