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Prepare the December 31 adjusting journal entries based on the following information. Omit explanations. (I WANT JOURNAL ENTRIES!) 1. The account balance for Unearned Revenue
Prepare the December 31 adjusting journal entries based on the following information. Omit explanations. (I WANT JOURNAL ENTRIES!) 1. The account balance for Unearned Revenue is $4,500 before adjustment. The Company provided $3,100 of these services in December. 2. Depreciation of office equipment costing $12,000, acquired September 1, with a 5 year useful life and no expected salvage value. 3. Rent for 4 months was paid October 1, totaling $1,940. No expense has been recorded so far. 4. The supplies account balance on December 31 is $5,060 before any adjustments. Supplies on hand at December 31 are $1,515. 5. Four employees worked during December. There December wages (which were paid in January) totaled $6,230
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