On March 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Potomac Realty: a. The supplies account balance on March 31 is $5,865, the supplies on hand on March 31 are $1,330. b. The unearned rent account balance on March 31 is $4,100 representing the receipt of an advance payment on March 1 of four months rent from tenants. c. Wages accrued but not paid at March 31 are $2,030. d. Fees accrued but unbilled at March 31 are $18,090. e. Depreciation of office equipment is $4,500. Required: 1. Journalize the adjusting entries required on March 31. Refer to the Chart of Accounts for exact wording of account titles.

QUESTION 2

QUESTION 3

PAGE 10 JOURNAL DATE DESCRIPTION POST. REF DEBIT CREDIT 1 Adjusting Entries