Problem $3-65$A $($Algorithmic$)$

Preparation of Adjusting Entries

Bartow Photographic Services takes wedding and graduation photographs. At December $31,$ the end of Bartow's accounting period, the following information is available:

a$.$ All wedding photographs are paid for in advance, and all cash collected for them is credited to Unearned Service Revenue. Except for a year end adjusting entry, no other entries are made for service revenue from wedding photographs. During the year, Bartow received $$42,600$ for wedding photographs. At year end, $$37,390$ of services had been performed. The beginning$-$of$-$the$-$year balance of Unearned Service Revenue was zero.

b$.$ During December, Bartow photographed $229$ members of the next year's graduating class of Shaw High School. The school has asked Bartow to print one copy of a photograph of each student for the school files. Bartow delivers these photographs on December $28$ and will bill the school $$5\mathrm{.}00$ per student in January of next year. Revenue from photographs ordered by students will be recorded as the orders are received during the early months of next year.

c$.$ Equipment used for developing and printing was rented for $$22,500.$ The rental term was for $1$ year beginning on August $1$ and the entire year of rent was paid on August $1.$ The payment was debited to Prepaid Rent.

d$.$ Depreciation on the firm's building for the current year is $$9,390.$

e$.$ Wages of $$4,175$ are owed but unpaid and unrecorded at December $31.$

f$.$ Supplies at the beginning of the year were $$2,400.$ During the year, supplies costing $$19,600$ were purchased from Kodak. When the purchases were made, their cost was debited to Supplies. At year end, a physical inventory indicated that supplies costing $$4,100$ were on hand.

Required:

Prepare the adjusting entries for each of these items.

a$.$

Dec. $31$

$($Record earned revenue$)$