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Journalize Adjusting Balance The unedjusted trial belence of Anike Air Purifation System at Decembor 31, 2co4, and the data needed for the adjusiments follow. (Cick
Journalize Adjusting Balance
The unedjusted trial belence of Anike Air Purifation System at Decembor 31, 2co4, and the data needed for the adjusiments follow. (Cick the isan to view the trial balanoe) (3) (Cick the ipon to view the adjusting entry information.) Road the mauirements: Requirement 1. Joumalre the adjusting entres co December 31. (Record debits frnt, then credts. Soloct the explanation on the last line of the joumal entry table.) 2. On December 16, Anitun contracted to perfom services for a client receiving 52,700 in advance. Anika recorded this receipt of cash as Unearned Revenue. As of December 31 . Anikan has completed $1,800 of the services. Requirements 1. Journalize the adjusting entries on December 31. 2. The T-accounts, along with their unadjusted balances have been opened for you. Post the adjusting entries to the T-accounts. 3. Prepare the adjusted trial balance. 4. How will Anika Air Purification System use the adjusted trial balance? Data table Data table More info Adjustment data at December 31 follow: a. On December 15 , Anika contracted to perform services for a client receiving $2,700 in advance. Anika recorded this receipt of cash as Unearned Revenue. As of December 31 , Anika has completed $1,900 of the services. b. Anika prepaid two months of rent on December 1. (Assume the Prepaid Rent balance as shown on the unadjusted trial balance represents the two months of rent prepaid on December 1.) c. Anika used $550 of office supplies. d. Depreciation for the equipment is $400. e. Anika received a bill for December's online advertising, $950. Anika will not pay the bill until January. (Use Accounts Payable.) f. Anika pays its employees on Monday for the previous week's wages. Its employees eam $8,000 for a five-day workweek. December 31 falls on Tuesday this year. g. On October 1, Anika agreed to provide a four-month air system check (beginning October 1) for a customer for $4,000. Anika has completed the system check every month, but payment has not yet been received and no entries have been made Step by Step Solution
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