repair ShoP, pre end of its first year of operations shown below: Donald Electronics Trial Balance April 30, 2019 Cash 3,450 Accounts Receivable 22,500 Supplies Equipment 5,400 113,700 Accounts Payable 5,250 Unearned Fees 6,000 Hans Donald, Capital 78,000 Hans Donald, Drawings 4,500 Fees earned 135,750 Salaries Expense Rent Expense Utilities Expense 31,500 24,000 17,250 Miscellaneous Expense 2,700 225,000 P 225,000 For preparing the adjusting entries, the following data were assembled: a. Fees earned but unbilled on April 30 were P1,775. b. Supplies on hand on April 30 were P1,200. c. Depreciation of equipment was estimated to be P4,100 for the year. d. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only P1,750 of the services was provided between April 1 and April 30. e. Unpaid wages accrued on April 30 were P600. Required: 1. Prepare the adjusting entries necessary on April 30, 2019.

repair ShoP, pre end of its first year of operations shown below: Donald Electronics Trial Balance April 30, 2019 Cash 3,450 Accounts Receivable 22,500 Supplies Equipment 5,400 113,700 Accounts Payable 5,250 Unearned Fees 6,000 Hans Donald, Capital 78,000 Hans Donald, Drawings 4,500 Fees earned 135,750 Salaries Expense Rent Expense Utilities Expense 31,500 24,000 17,250 Miscellaneous Expense 2,700 225,000 P 225,000 For preparing the adjusting entries, the following data were assembled: a. Fees earned but unbilled on April 30 were P1,775. b. Supplies on hand on April 30 were P1,200. c. Depreciation of equipment was estimated to be P4,100 for the year. d. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only P1,750 of the services was provided between April 1 and April 30. e. Unpaid wages accrued on April 30 were P600. Required: 1. Prepare the adjusting entries necessary on April 30, 2019.

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section: Chapter Questions

Problem 6AP

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