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Lyly.com student-servlets Lab Servietteld-10752 Question 1 [40 points) The following information is available for XYZ Corporation on December 31 for the year just ended a

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Lyly.com student-servlets Lab Servietteld-10752 Question 1 [40 points) The following information is available for XYZ Corporation on December 31 for the year just ended a $1,000 of the rent paid to XYZ Corporation in advance has been earned. b. $5,100 of property taxes have accrued and are unrecorded. c. Wages of $21.000 have been eamed by XYZ Corporation's employees but have not yet been paid. d. Interest of $740 has accrued on a note payable but is unrecorded. e. $2,700 of the advertising paid for in advance has been published by the newspaper 1. The estimated yearly depreciation on the furniture is $500. 9.XYZ Corporation purchased equipment in a previous year for $26.000 and expects to sell this equipment for $1,750 after five years. h. The estimated yearly depreciation on the building is $300. L A review of the $1,600 unadjusted balance in the supplies account shows a balance on hand at the end of the year of $1.450. 1. A review of the $15,000 unadjusted balance in the prepaid rent account shows a remaining balance of $11.750 at the end of the year. Prepare the required adjusting entries at December 31, 2014 Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (le, January 15 would be 150an). General Journal Page GJB Date Account Explanation F Debit Credit 31/Doc Cash 1,000 + Rent Earned 1.000 SEO ACOPAS 31 Dec 1/DOC 31/De 31/Dec 31/Dec 31/Dec MacBook Pro - c a * search or type URL

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