Prepare the December 31st adjusting entries for the following transactions. Omit explanations. 1. Wages of $10,000 are paid on Friday for a five-day work week. The accounting period ends on Thursday, December 31. 2. At the end of the year, $24,000 of fees have been earned, but have not been billed to clients. 3. Depreciation of office equipment, $1,900. 4. The Supplies account balance on December 31st, $5,200; Supplies on hand, $1,200 5. The balance in the Unearned Revenue account on December 31st is $42,000, after adjusting entries is $18,500 Prepare the adjusting entries based on the following format: Account Name Debit Credit Edit Format Table 12pt v Paragraph BIU AT || |