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The unadjusted trial balance of Pharoah Exposure Inc. had these balances for the following select accounts: Supplies $3,600. Unearned Service Revenue $8,550, and Prepaid
The unadjusted trial balance of Pharoah Exposure Inc. had these balances for the following select accounts: Supplies $3,600. Unearned Service Revenue $8,550, and Prepaid Rent $1,500. At the end of the period, a count showed $680 of supplies on hand. Services of $3,400 had been performed related to the unearned revenue account, and one month's worth of rent, worth $500, had been consumed by Pharoah Exposure. Record the required adjusting entries related to these events. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. I (To record supplies used) (To record revenue for services performed) (To record rent expired)
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