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The accounting records of Foley Architects include the following selected, unadjusted balances at March 31 Accounts Receivablo, $1,600 Ollice Supplies $700; Prepaid Rent $1600, Equipment

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The accounting records of Foley Architects include the following selected, unadjusted balances at March 31 Accounts Receivablo, $1,600 Ollice Supplies $700; Prepaid Rent $1600, Equipment $8,000 Accumulated Depreciation Equipment, So Salaries Payable, 50: Uneamed Revenue $700; Service Revenue 54,800, Salaries Expense, 5900, Supplies Expense, 50; Rent Expense. So, Depreciation Expense-Equipment. $0 (Assume al balances are normal balances) The data developed for the March 31 adjusting entries are as follows: Click the icon to viow the data) Read the requirements Requirement 1. Journalize the adjusting entries using the letter and March 31 date in the date column (Record debits first, then credits Select the explanation on the last line of the journal entry table.) a. Service revenue accrued 5900 Date Accounts and Explanation Credit (a) Mar 31 Debit b. Uneamed revenue that has been earned $500 (When the cash was received, assume that a liability account was credited) Date Accounts and Explanation Debit Credit (b) Mar 31 c. Office Supplies on hand, 5400 (Assume that Foley debits an asset account when supplies are purchased) Date Accounts and Explanation Debit Credit (c) Mar 31 The data developed for the March 31 adjusting entries are as follows: (Click the icon to view the data) Read the requirements The accounting records of Foley Architects include the following selected, unadjusted balances at March 31 Accounts Receivable, 51,600 Office Supplies $700 Prepaid Rent $1,600. Equipment, $8,000 Accumulated Depreciation-Equipment, So Salaries Payablo, 50Unearned Revenue, 5700 Service Revenue, 54,800 Salaries Expense, 5900 Supplies Expense 50, Rent Expense, S0 Depreciation Expense-Equipment. 0 (Assume ali balances are normal balancen) d. Salaries owed to employees $700 Date Accounts and Explanation Debit Credit (d) Mar 31 e. One month of prepaid rent has expired. 5800. (Assume that Foley debits an asnet account when rent is paid in advance) Date Accounts and Explanation Debit Credit (e) Mar 31 1. Depreciation on equipment, $120 Date Accounts and Explanation (1) Mar 31 Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Requirement 2. Port the adjustments to the T-accounts opened for you entering each adjustment by letter. Show each account's adjusted balance Enter the unadjusted balances on the first line of each account Use a 'Mar 31 reference to show the unadjusted balance Post the adjusting entries to the Taccounts using the cottesponding letters (a) through (f) as posting references. Use a "Bal" reference to show the ending balance of each account . (For accounts with a $0 unadjusted balance, make sure to enter "o on the normal side of the accounts) Review the adjusting entrios you prepared in Requirement 1 Accounts Receivable Salaries Payable Service Revenue Office Supplies Uneamed Revenue Salarios Expense Prepaid Rent Supplies Expense balances are normal balance in Prepaid Rent Supplies Expense ph to dy 188 Equipment Rent Expense Oks Accumulated Depreciation Equipment Depreciation Expense Equipement Fina Choose from any list or enter any number in the input fees and then continue to the next question 3 & E E SF BANGO DS delete phum 2) backssac

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