Question 23 Ellis Company accumulates the following adjustment data at December 31. 1. Fees of $1000 were collected in advance $800 have been earned. 2. Salaries each week are $1500 at year end $600 are unpaid. 3. Prepaid rent of $2700 for 6 month was paid in advance, $450 has now expired. 4. Beginning Inventory of supplies was $1000, $400 was purchased, ending inventory was $850 and $550 has been used. 5. Accounts Receivable are $21,450. Fees earned but unbilled total $750. 6. Utility Expense Account balance is $1,350. Utility expenses of $200 are unpaid. 7. Interest of $250 has accrued on a $50,000, 5% note payable. 8. Depreciation of office equipment is $300. The equipment cost $20,000 with a 5 year life and residual value of $2,000. 8 Minute Instructions For each of the above items complete the adjusting entries required at Dec 31 in the table below. If debit or credit is zero enter $0.00. Entry No Account General Journal Debit Credit Unearned Revenue $800.00 $0,00