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On July 31, 2014, the given data were accumulated to help the accountant in making the adjusting entries for the Atrium Realty:

1) The supplies account balance on July 31 is $6,880. The supplies on hand on July 31 are $2,200.

2) The unearned rent account balance on July 31 is $9,200, presenting the receipt of the advance payment on July 1 of four month's rent from tenants.

3) Wages accrued however not paid at July 31 are $1,850.

4) Fees accrued however unbilled at July 31 are $11,700.

5) Depreciation of office equipment is $3,500.

Required:

Make the adjusting entries.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M915947

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