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The unadjusted trial balance of Adveta Air Purification System at December 31, 2018, and the data needed for the adjustments follow. (Click the icon to
The unadjusted trial balance of Adveta Air Purification System at December 31, 2018, and the data needed for the adjustments follow. (Click the icon to view the trial balance.) (Click the icon to view the adjusting entry information.) Read the requirements. More info Requirement 1. Journalize the adjusting entries on December 31. (Record debits first, then credits. Select the a. On December 15, Adveta contracted to perform services for a client receiving $2,600 in advance. Adveta rec completed $1,900 of the services. Adjustment data at December 31 follow: a. On December 15, Adveta contracted to perform services for a client receiving $2,600 in advance. Adveta recorded this receipt of cash as Unearned Revenue. As of December 31, Adveta has completed \$1,900 of the services. b. Adveta prepaid two months of rent on December 1. (Assume the Prepaid Rent balance as shown on the unadjusted trial balance represents the two months of rent prepaid on December 1.) c. Adveta used $600 of office supplies. d. Depreciation for the equipment is $650. e. Adveta received a bill for December's online advertising, $600. Adveta will not pay the bill until January. (Use Accounts Payable.) f. Adveta pays its employees on Monday for the previous week's wages. Its employees earn $3,000 for a five-day workweek. December 31 falls on Wednesday this year. g. On October 1, Adveta agreed to provide a four-month air system check (beginning October 1 ) for a customer for $2,800. Adveta has completed the system check every month, but payment has not yet been received and no entries have been made. The unadjusted trial balance of Adveta Air Purification System at December 31, 2018, and the data needed for the adjustments follow. (Click the icon to view the trial balance.) (Click the icon to view the adjusting entry information.) Read the requirements. More info Requirement 1. Journalize the adjusting entries on December 31. (Record debits first, then credits. Select the a. On December 15, Adveta contracted to perform services for a client receiving $2,600 in advance. Adveta rec completed $1,900 of the services. Adjustment data at December 31 follow: a. On December 15, Adveta contracted to perform services for a client receiving $2,600 in advance. Adveta recorded this receipt of cash as Unearned Revenue. As of December 31, Adveta has completed \$1,900 of the services. b. Adveta prepaid two months of rent on December 1. (Assume the Prepaid Rent balance as shown on the unadjusted trial balance represents the two months of rent prepaid on December 1.) c. Adveta used $600 of office supplies. d. Depreciation for the equipment is $650. e. Adveta received a bill for December's online advertising, $600. Adveta will not pay the bill until January. (Use Accounts Payable.) f. Adveta pays its employees on Monday for the previous week's wages. Its employees earn $3,000 for a five-day workweek. December 31 falls on Wednesday this year. g. On October 1, Adveta agreed to provide a four-month air system check (beginning October 1 ) for a customer for $2,800. Adveta has completed the system check every month, but payment has not yet been received and no entries have been made
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