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Required information Patriot Company's unadjusted trial balance at December 31, 2020 includes the following accounts. Cash Prepaid Rent Supplies Deferred Revenue 4,100 1,800 1,100 5,200
Required information Patriot Company's unadjusted trial balance at December 31, 2020 includes the following accounts. Cash Prepaid Rent Supplies Deferred Revenue 4,100 1,800 1,100 5,200 Additional information is as follows: 1. Prepaid Rent is the cost of 9 months rent for the months of September 2020 through May 202 2. Supplies costing $500 were used. 3. Deferred Revenue represents 4 months of service, half of which was earned in 2020. 4. Patriot provided $4,000 of services to a client. Payment is expected in January. 5. At the end of 2020, employee salaries and wages of $1600 have been incurred but not yet are the necessary journal entries for Patriot Company for the year ended December 31, 2020
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