On December 31, the following data were accumulated for preparing the adjusting entries for Flagship Realty: • The supplies account balance on December 31 is $5,450. The supplies on hand on December 31 are $1,460. • The unearned rent account balance on December 31 is $4,700 representing the receipt of an advance payment on December 1 of five months’ rent from tenants. • Wages accrued but not paid at December 31 are $2,375. • Fees earned but unbilled at December 31 are $18,920. • Depreciation of office equipment is $4,965. Required: 1. Journalize the adjusting entries required at December 31. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. 2. What is the difference between adjusting entries and correcting entries? X Chart of Accounts

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On August 30, JumpStart incurred the following expenses:Payment to the landlord for August rent, $640Payment to the Gas & Electric Company for August's bill, $200Payment of employee wages for the last half of August, $7,861Payment of shopping center's parking lot cleaning fee, $240 Journalize these payments as one journal entry. If an amount box does not require an entry, leave it blank. Aug. 30   - Select - - Select -     - Select - - Select -     - Select - - Select -     - Select - - Select -     - Select - - Select -

On January 2, Good Dog Mart prepaid $22,080 rent for the year and recorded the prepayment in an asset account. Journalize the January 31 adjusting entry for rent expense. If an amount box does not require an entry, leave it blank. January 31

Garcia Company rents out a portion of its building to Jerry Company for $500 per month. On August 1, Jerry paid Garcia $6,000 for 1 year of rent in advance.Prepare journal entries for Garcia to record collection of rent and the related year-end adjusting entry on December 31.

promised to pay both December and January rent in full on January 31. f. On November 1, the company rented space to another tenant for $2,446 per month. The tenant paid five months' rent in advance on that date. The payment was recorded with a credit to the Unearned Revenue account. Assume no other adjusting entries are made during the year. Required: 1. Use the information to prepare adjusting entries as of December 31. 2. Prepare journal entries to record the first subsequent cash transaction in January of the next year for parts c and e. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the information to prepare adjusting entries as of December 31. View transaction list Journal entry worksheet < 1 Transaction a. 2 3 The Office Supplies account started the year with a $3,825 balance. During the year, the company purchased supplies for $15,797, which was added to the Office Supplies account. The inventory of supplies available at December 31…

Marsteller Properties Inc. owns apartments that it rents to university students. At December 31,2019, the following unadjusted account balances were available:                                        The following information is available for adjusting entries:a. An analysis of apartment rental contracts indicates that $3,800 of apartment rent is unbilledand unrecorded at year end.b. A physical count of supplies reveals that $1,400 of supplies are on hand at December 31, 2019.c. Annual depreciation on the buildings is $204,250.d. An examination of insurance policies indicates that $12,000 of the prepaid insurance applies to coverage for 2019.e. Six months’ interest at 9% is unrecorded and unpaid on the notes payable.                                                                                            f. Wages in the amount of $6,100 are unpaid and unrecorded at December 31.g. Utilities costs of $300 are unrecorded and unpaid at December 31.h. Income taxes of $5,738 are unrecorded…