On december 31st the end of the current year the following, Ask an Expert

Accounting

On December 31st, the end of the current year, the following data was accumluated to assist the accountant in preparing the adjusting entries for Wyckoff Realty Inc.

a. The supplies account balance on Dec 31 is $2,450. Supplies on hand on Dec 31 is $490

b. The unearned rent account balance on Dec 31 is $2400, representing the receipt of an advance payment on Dec 1 of three months rent from tenants

c. Wages accrued but not paid at Dec 31 are $1500

d. Fees accrued but unbilled at Dec 31 are $7500

e. Depreciation on office equipment for the year is $850

Journalize the adjustments for the end of the year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9971888

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