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V Selected account balances before adjustment for Atlantic Coast Realty at July 31, the end of the current year, are as follows: Debits Credits
V Selected account balances before adjustment for Atlantic Coast Realty at July 31, the end of the current year, are as follows: Debits Credits Accounts Receivable $75,000 Equipment 345,700 Accumulated Depreciation-Equipment $112,500 Prepaid Rent 9,000 Supplies 3,350 Wages Payable Unearned Fees Fees Earned Wages Expense 12,000 660,000 325,000 Rent Expense Depreciation Expense Supplies Expense Data needed for year-end adjustments are as follows: Unbilled fees at July 31, $11,150. Supplies on hand at July 31, $900. Rent expired, $6,000. Depreciation of equipment during year, $8.950. Unearned fees at July 31, $2,000. Wages accrued but not paid at July 31, $4,840.
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