Deana DiAngelo Opened a Business Called Deana's Decorators on January

Essay

Deana DiAngelo opened a business called Deana's Decorators on January 6,2014.The company's unadjusted account balances (shown in T-account form) as of December 31,2104 follows.Deana's initially records prepaid expenses and unearned revenues in balance sheet accounts.The following information was gathered in anticipation of the recording of adjusting entries as of December 31,2014:

a.Prepare the required adjusting journal entry for each situation described below as of December 31,2014.Explanations are not required.
b.Post each adjusting entry to the related T-accounts and determine the adjusted account balances for the account affected by the adjusting entries.