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Help!? The unadjusted trial balance of Waverly Anvils at December 31, 2018, and the data for the adjustments follow: (Click the icon to view the
Help!?
The unadjusted trial balance of Waverly Anvils at December 31, 2018, and the data for the adjustments follow: (Click the icon to view the unadjusted trial balance.) (clic Read the * Data Table Requirement 1. Prepare the adjusting entries and post to the T-accounts. T-accounts have been opened using Cash $ 5,350 Begin by preparing the adjusting entries. (Record debits first, then credits. Select the explanation on the last lin applicable, use the account names provided in the unadjusted trial balance.) 15,000 1,850 2,300 35,000 a. Unearned Revenue still unearned at December 31, $1,600. Date Accounts and Explanation Debit Credit 6,000 Uneamed Revenue 1600 Dec. 31 Adj. (a) Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends 6,000 Service Revenue 1600 5,200 10,000 19,600 To adjust revenue earned. b. Prepaid Rent still in force at December 31, $1,700. 3,000 Date Accounts and Explanation Debit Credit 18,500 2,800 Dec. 31 Adj. (b) Rent Expense Prepaid Rent 150 Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense To adjust rent expense. Total $ 65,300 $ 65,300 Choose from any list or enter any number in the input fields and then continue to the next question. Print DoneStep by Step Solution
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