Reference no: EM132762194
Question - Prepare adjusting journal entries for the following items on December 31, the end of the fiscal year.
a) Depreciation on equipment, $2,500.
b) Services performed but not yet paid, $3,500.
c) Salaries owed to employees at year-end, $2,500.
d) Unearned service revenue earned, $5,500.
e) Supplies used during the year, $3,200.
f) Prepaid rent expired during the year, $7,500.
g) Interest accrued on note receivable, $1000.
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