Essay
Prepare the December 31 adjusting entries for the following transactions. Omit explanations.
1. Fees accrued but not billed, $6,300
2. The Supplies account balance on December 31, $4,750; Supplies on hand, $960
3. Wages accrued but not paid, $2,700
4. Depreciation of office equipment, $1,650
5. Rent expired during year, $10,800
Correct Answer:

Verified
Correct Answer:
Verified
Q33: The supplies account had a balance of
Q50: Indicate whether the following error would cause
Q69: Fees payable would appear on the balance
Q91: Accruals are needed when an unrecorded expense
Q107: On January 1, Power House Co. prepaid
Q151: Data for an adjusting entry described as
Q152: What is the correct debit and credit
Q158: Prepare the required entries for the following
Q160: The estimated amount of depreciation on office
Q193: Indicate whether the following error would cause