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Show your calculations. Selected account balances before adjustment for Kristjanson Realty at December 31, 2015, the end of the current year, are as follows: Credits
Show your calculations.
Selected account balances before adjustment for Kristjanson Realty at December 31, 2015, the end of the current year, are as follows: Credits Debits 20.000 8.000 50.000 56.000 Accounts Receivable Accumulated Depreciation. Depreciation Expense Equipment. Fees Earned Prepaid Rent. Rent Expense Supplies Supplies Expense Unearned Fees Wages Expense... Wages Payable 4.000 8.000 2.000 5.000 9.000 4.000 600 Data needed for year-end adjustments are as follows: a. Receipt of unearned fees during the year of $8,000 has been recorded in fees earned. $5,000 of last year's unearned fees has been earned. b. Supplies on hand, $3,200. c. The total rent expense should be $6,000. d. Depreciation of equipment during the year, $3,500. e. Wages accrued but not paid at December 31, 2015, $400. Instructions Journalize the five adjusting entries required at December 31, 2015, using the data presentedStep by Step Solution
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