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Selected account balances before adjustment for Intuit Realty at November 30, the end of the current year, follow: Debits Credits 75,000 Accounts Receivable 250,000 Equipment
Selected account balances before adjustment for Intuit Realty at November 30, the end of the current year, follow: Debits Credits 75,000 Accounts Receivable 250,000 Equipment Accumulated Depreciation-Equipment $12,000 Prepaid Rent 12,000 3,170 Supplies Wages Payable Unearned Fees 10,000 Fees Earned 400,000 140,000 Wages Expense Rent Expense Depreciation Expense Supplies Expense Data needed for year-end adjustments are as follows: a. Supplies on hand at November 30, $550. b. Depreciation of equipment during year, $1,675. c. Rent expired during year $8,500 d. Wages accrued but not paid at November 30, $2,000
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