Cathy Credit has a realty company and adjusts its books at July 31. Prepare the adjusting entries based on the following information: a) Unbilled fees at July 31, $11,150 b) Supplies on the unadjusted trial balance are $3,350. A count of supplies at the end of July indicates that $900 of supplies remains. c) Rent expired $6,000 d) Depreciation on equipment $8,950 e) Unearned fees on the unadjusted trial balance are $12,000. Unearned fees at July 31 are $2,000 f) Wages accrued but not paid at July 31, $4,840

Cathy Credit has a realty company and adjusts its books at July 31. Prepare the adjusting entries based on the following information: a) Unbilled fees at July 31, $11,150 b) Supplies on the unadjusted trial balance are $3,350. A count of supplies at the end of July indicates that $900 of supplies remains. c) Rent expired $6,000 d) Depreciation on equipment $8,950 e) Unearned fees on the unadjusted trial balance are $12,000. Unearned fees at July 31 are $2,000 f) Wages accrued but not paid at July 31, $4,840

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 13PA: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...

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