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The unadjusted trial balance of Pharoah Exposure Inc. had these balances for the following select accounts: Supplies $ 2,666, Unearned Service Revenue $ 7,052, and
The unadjusted trial balance of Pharoah Exposure Inc. had these balances for the following select accounts: Supplies $ 2,666, Unearned Service Revenue $ 7,052, and Prepaid Rent $ 1,032. At the end of the period, 1. A count showed $ 430 of supplies on hand. 2. Services of $ 2,494 had been performed related to the unearned revenue account. 3. One month's worth of rent, worth $ 344, had been consumed by Pharoah Exposure. Record the required adjusting entries related to these events. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 1. Supplies Expense 2236 Supplies 2236 2. Unearned Service Revenue 2494 Service Revenue 2494 3. Rent Expense 344 Prepaid Rent 344
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