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PR 3-2A Adjusting entries OBJ. 2, 3, 4, 5 Selected account balances before adjustment for Atlantic Coast Realty at July 31, the end of the
PR 3-2A Adjusting entries OBJ. 2, 3, 4, 5 Selected account balances before adjustment for Atlantic Coast Realty at July 31, the end of the current year, are as follows:
Data needed for year-end adjustments are as follows: Unbilled fees at July 31, $11,150.
Supplies on hand at July 31, $900.
Rent expired, $6,000.
Depreciation of equipment during year, $8,950.
Unearned fees at July 31, $2,000.
Wages accrued but not paid at July 31, $4,840
Debits Credits $ 75,000 Accounts Receiva ble 345,700 Equipment Accumulated Depreciation-Equipment Prepaid Rent Supplies Wages Payable $112,500 9,000 3,350 Unearned Fees 12,000 Fees Earned 660,000 Wages Expense Rent Expense 325,000 Depreciation Expense Supplies Expense 8IIStep by Step Solution
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