Print 4. The accounting records of Mackay Architects include the following selected, unadjusted balances at March 31: Accounts Receivable, $1,500, Office Supplies, $700; Prepaid Rent, $2,240; Equipment, $8,000; Accumulated Depreciation Equipment. $0, Salaries Payable, $0; Unearned Revenue, 5900; Service Revenue, $4,100; Salaries Expense, $800; Supplies Expense, So; Rent Expense, $0: Depreciation Expense Equipment, SO. The data developed for the March 31 adjusting entries are as follows: *(Click the icon to view the data) Once 4 Salaries Rent Ex Read the requirements Requirement 1. Joumalize the adjusting entries using the letter and March 31 date in the date column. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Service revenue accrued, $700. Date Accounts and Explanation Debit Credit (a) Mar. 31 (3) b. Unearned revenue that has been earned, $100. (When the cash was received, assume that a liability account was credited) Date Accounts and Explanation Debit Credit (b) Mar. 31 c. Office Supplies on hand, $300. (Assume that Mackay debits an asset account when supplies are purchased.) Date Accounts and Explanation Dehlt Credit (c) Mar 31 (11) (12) (13) u. Saares oww amployees, ZUU. Print Date Accounts and Explanation Debit Credit (d) Mar. 31 (16) (17) (18) (19) (20) e. One month of prepaid rent has expired, $560. (Assume that Mackay debits an asset account when rent is paid in advance.) Date Accounts and Explanation Debit Credit (e) Mar. 31 (21) (22) (23) (24) (25) f. Depreciation on equipment, $120. Date Accounts and Explanation Debit Credit (f) Mar. 31 (26) (27) (28) (29) Requirement 2. Post the adjustments to the T-accounts opened for you, entering each adjustment by letter. Show each account's adjusted balance. Enter the unadjusted balances on the first line of each account. Use a "Mar. 31' reference to show the unadjusted balance. Post the adjusting entries to the T-accounts using the corresponding letters (a) through (f) as posting references. Use a "Bal." reference to show the ending balance of each account (For accounts with a $0 unadjusted balance, make sure to enter "0" on the normal side of the accounts.) Review the adjusting entries you prepared in Requirement 1. Accounts Receivable Salaries Payable Service Revenue (31) (37) (43) 149) (32) (38) (44) (50) (33) (39) (45) (51) (34) (40) (46) (52) (35) 141) (47) (53) (42) (48) |(54) Office Supplies Unearned Revenue Salaries Expense Print (55) (58) (61) 162) (57) (63) (69) (59) (65) (71) (77) (60) (66) (72) (64) (70) (75) (67) (68) Prepaid Rent Supplies Expense 179) 191) 193) Equipment Rent Expense (97) (101) (100) (95) 199) (103) (107) (104) |(105) (109) (102) (106) (110) (108) Depreciation Expense- Equipment (113) (114) Accumulated Depreciation- Equipment (111) (112) (115) (116) |(119) (120) (123) (124) (117) (118) (122) |(121) |(125) (126) 4: More Info a. Service revenue accrued, $700. b. Unearned revenue that has been earned, $100. c. Office Supplies on hand $300. d. Salaries owed to crrployees, $200. e. One month of prepaid rent has expired, S560. f. Depreciation on equipment, S120. Print 5: Requirements 1. Journalize the adjusting entries using the letter and March 31 date in the date column. 2. Post the adjustments to the T-accounts opened for you, entering each adjustment by letter. Show each account's adjusted balance. (1) O Unearned Revenue Accounts Recevable Accumulated Depreciation Equipment Cash Depreciation Expense-Equipment O Insurance Expense Interest Expense O Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense Salaries Expense Salaries Payable Service Revenue Supplies Expense Unearned Revenue (2) O Accounts Receivable Accumulated Depreciation O Cash Depreciation Expense-Equipment O Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance Prepaid Rent O Rent Expense Equipment Salaries Expense Salaries Payable Service Revenue Supplies Expense Unearned Revenue (3) O Accounts Receivable Accumulated Depreciation-Equipment O Cash O Depreciation Expense-Equipment O Insurance Expense Interest Expense O Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense Salaries Expense Salaries Payable O Service Revenue O Supplies Expense 0000 0000 Unearned Revenue (4) O Accounts Receivable O Accumulated Depreciation O Cash O Depreciation Expense-Equipment O Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense O Salaries Expense O Salaries Payable Service Revenue Supplies Expense Equipment To record service revenue that was collected in advance. (5) O O Cash collected for future services. O Paid cash expenses. To accrue salaries expense. To accrue service revenue. To record depreciation on equipment. To record office supplies used. To record rent expense. (6) Unearned Revenue O O Accounts Receivable Accumulated Depreciation-Equipment Cash Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expanse O Salaries Expense Salaries Payable Service Revenue Supplies Expense (7 Unearned Revenue O Accounts Receivable Accumulated Depreciation-Equipment Cash O Depreciation Expense-Equipment O Insurance Expense Interest Expense O Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent Rent Expense O Salaries Expense Salaries Payable Service Revenue O Supplies Expense Unearned Revenue Print (8) O Accounts Receivable Accumulated Depreciation Equipment O Cash O Depreciation Expense-Equipment Insurance Expense O Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense O Salaries Expense Salaries Payable O Service Revenue Supplies Expense Unearned Revenue (9) O Accounts Receivable Accumulated Depreciation Equipment O Cash O Dapreciation Expense-Equipment Insurance Expense Interest Expense O Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense O Salaries Expense Salaries Payable Service Revenue Supplies Expense To record service revenue that was collected in advance. (10) O Cash collected for future services. O Paid cash expenses. To accrue salaries expense. To accrue service revenue. To record depreciation on equipment. To record office supplies used. To record rent expense. (11) Unearned Revenue Accounts Receivable O Accumulated Depreciation O Cash Depreciation Expense-Equipment Insurance Expense Interest Expense O Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense Salaries Expense Salaries Payable Service Revenue Supplies Expense Equipment Unearned Revenue (12) O Accounts Receivable O Accumulated Depreciation O Cash Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent Rent Expense Salaries Expense Salaries Payable Service Revenue Supplies Expense Equipment Unearned Revenue (13) O Accounts Receivable O Accumulated Depreciation-Equipment Cash Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Prepald Rent Rent Expense O Salaries Expense Salaries Payable O Service Revenue Supplies Expense Unearned Revenue (14) O O Accounts Receivable O Accumulated Depreciation-Equipment O Cash O Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense Salaries Expense Salaries Payable Service Revenue Supplies Expense To record service revenue that was collected in advance. (15) O O Cash collected for future services. O Paid cash expenses. To accrue salaries expense. To accrue service revenue. To record depreciation on equipment. To record office supplies used. To record rent expense. Unearned Revenue Print Pune (16) O Accounts Receivable O Accumulated Depreciation Equipment O Cash Depreciation Expense-Equipment Insurance Expense Interest Expense O Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense O Salaries Expense Salaries Payable Service Revenue O Supplies Expense Unearned Revenue (17) O O Accounts Receivable O Accumulated Depreciation O Cash Depreciation Expense-Equipment Insurance Expanse Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense O Salaries Expense Salaries Payable Service Revenue Supplies Expense Equipment (18) O Unearned Revenue Accounts Receivable Accumulated Depreciation-Equipment Cash Depreciation Expense-Equipment O Insurance Expense Interest Expense O Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense Salaries Expense Salaries Payable O Service Revenue O Supplies Expense Unearned Revenue (19) O Accounts Receivable O Accumulated Depreciation O Cash Depreciation Expense-Equipment Insurance Expense Interest Expense O Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense Salaries Expense Salaries Payable Service Revenue Supplies Expense Equipment To record service revenue that was collected in advance. (20) O O Cash collected for future services. O Paid cash expenses. To accrue salaries expense. To accrue service revenue. To record depreciation on equipment. To record office supplies used. To record rent expense. Unearned Revenue (21) O Accounts Receivable O Accumulated Depreciation-Equipment Cash Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Prepald Rent Rent Expense Salaries Expense Salaries Payable O Service Revenue Supplies Expense Unearned Revenue (22) O O Accounts Receivable O Accumulated Depreciation-Equipment O Cash O Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense Salaries Expense Salaries Payable Service Revenue Supplies Expense Unearned Revenue (23) O Accounts Receivable O Accumulated Depreciation - Equipment Cash O Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance Prepaid Rent Rent Expense O Salaries Expense Salarles Payable Service Revenue Supplies Expense O Unearned Revenue Print Pune (24) O O Accounts Receivable Accumulated Depreciation-Equipment O Cash O Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense Salaries Expense Salaries Payable O Service Revenue Supplies Expense To record service revenue that was collected in advance. (25) O O Cash collected for future services. O Paid cash expenses. To accrue salaries expense. To accrue service revenue. To record depreciation on equipment. To record office supplies used. To record rent expense. Unearned Revenue (26) O O Accounts Receivable Accumulated Depreciation O Cash Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense Salaries Expense Salaries Payable Service Revenue Supplies Expense Equipment Unearned Revenue (27) O Accounts Receivable Accumulated Depreciation-Equipment O Cash Depreciation Expense-Equipment Insurance Expense Interest Expense O Interest Payable Office Supplies Prepaid Insurance O Prepaid Rent O Rent Expense Salaries Expense Salaries Payable O Service Revenue Supplies Expense Unearned Revenue (28) O Accounts Receivable Accumulated Depreciation-Equipment O Cash O Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent O Rent Expense O Salaries Expense Salaries Payable Service Revenue O Supplies Expense Unearned Revenue (29) O O Accounts Receivable O Accumulated Depreciation-Equipment O Cash Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Prepaid Rent Rent Expense Salaries Expense Salaries Payable Service Revenue Supplies Expense O To record service revenue that was collected in advance. 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