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Question 5 (7 Marks. 15 Minutes) Prepare year-end adjusting entries for the following transactions (clearly show the accoust namo the debit, and credit! However, you
Question 5 (7 Marks. 15 Minutes) Prepare year-end adjusting entries for the following transactions (clearly show the accoust namo the debit, and credit! However, you do not need to provide further descriptions for each journal entry): a) Accrued interest on notes receivable is $495. b) Unearned revenues received totaled S4,500. c) Three years' rent, totalling $24,000, was paid in advance at the beginning of the current yer d) Services totalling $3,490 were performed but not yet billed at the end of the year e) Depreciation on equipment totalled S$2,700 for the year. Supplies for use totalled $540. By year end, only S100 in supplies remained 8) Salaries owed to employees at the end of the year total $2,200
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