Page 133

Exercises E3-6 J Marten Company accumulates the following adjustment data at December 31

Instructions Prepare adjusting entries for the seven items described above. E3-6 Marten Company accumulates the following adjustment data at December 31. Identify types of adj and account relation L. Services provided but not recorded total $1,000. 2. Supplies of $300 have been used. 3. Utility expenses of $225 are unpaid. 4. Unearned service revenue of $260 has been earned. 5. Salaries of $800 are unpaid. 6. Prepaid insurance totaling $350 has expired. (SO 4, 5, 6) Instructions For each of the above items indicate the following. (a) The type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense). (b) The status of accounts before adjustment (overstatement or understatement). Prepare adjusting E3-7 The ledger of Danieal Rental Agency on March 31 of the current year includes the selected aunt d