Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SUBJEC STRUC E. Lee Technology Corporation's trial balance on December 31, 2018 is as follows Lee Technology Corporation Trial Balance December 31, 2018 35.572 59,680

image text in transcribed
SUBJEC STRUC E. Lee Technology Corporation's trial balance on December 31, 2018 is as follows Lee Technology Corporation Trial Balance December 31, 2018 35.572 59,680 2.443 2.400 14.300 Cash Accounts Receivable Office Supplies Prepaid Rent Office Equipment Accumulated Depreciation Office Equipment Accounts Payable Notes Payable Uneamed Service Revenue E. Lee, Capital E Lee Withdrawals Service Revenue Salaries Expense Utilities Expense Rent Expense 3,200 2.540 1.000 5.650 88.705 55,000 89.000 58.000 3.600 13.200 204.195 204.195 The following information is also available: a) Ending inventory of office supplies. $538 b) Prepaid rent expired, $1200 c) Depreciation of office equipment for the period, 5800 d) Interest accrued on the note payable, $750 e) Salaries accrued at the end of the period, $800 1) Service revenue still unearned at the end of the period, $3,675 g) Service revenue earned but not billed. $1,800 REQUIRED Determine the adjusting entries

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial & Managerial Accounting, The Managerial Chapters

Authors: Tracie Miller Nobles, Brenda Mattison

7th Edition

0136503616, 9780136503613

More Books

Students also viewed these Accounting questions

Question

Define self, self-image, and identity.

Answered: 1 week ago

Question

Are assessments of candidate attractiveness relevant? Discuss.

Answered: 1 week ago