P3-35

The unadjusted trial balance of Alston Air Purification System at December 31, 2024, and the data needed for the adjustments follow. E: (Click the icon to view the trial balance.) (Click the icon to view the adjusting entry information.) Read the requirements. Data table Requirement 1. Journalize the adjusting entries on December 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. On December 15, Alston contracted to perform services for a client receiving $3,200 in advance. Alston recorded this receipt of cash as Unearned Revenue. As of December 31, Alston has completed $1,700 of the services. Date Accounts and Explanation Debit Credit Alston Air Purification System Unadjusted Trial Balance December 31, 2024 Balance Debit Credit Account Title (a) Dec. 31 - X - Cash $ 7,200 More info Accounts Receivable 19,400 2.700 1,200 a. 24,000 Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue $ $ 3,800 Adjustment data at December 31 follow On December 15, Alston contracted to perform services for a client receiving $3,200 in advance. Alston recorded this receipt of cash as Unearned Revenue. As of December 31, Alston has completed $1,700 of the services. b. Alston 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. Alston used $600 of office supplies. d. Depreciation for the equipment is $900. e. Alston received a bill for December's online advertising, $950. Alston will not pay the bill until January. (Use Accounts Payable.) f. Alston pays its employees on Monday for the previous week's wages. Its employees earn $6,000 for a five-day workweek. December 31 falls on Tuesday this year. g. On October 1, Alston agreed to provide a four-month air system check (beginning October 1) for a customer for $3,200. Alston has completed the system check every month, but payment has not yet been received and no entries have been made. 3,300 3,200 Common Stock 43,200 Dividends 9,600 Service Revenue 15,400 3,500 Salaries Expense Rent Expense Depreciation Expense-Equipment Advertising Expense 1,300 Supplies Expense Print Done $ Total 68,900 $ 68,900