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Prepare the adjusting entries

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Question - Vista Enterprise accumulates the following adjustment data at December 31.

1. Revenue of $1,100 collected in advance has been earned.

2. Salaries of $600 are unpaid.

3. Prepaid rent totaling $500 has expired.

4. Supplies of $450 have been used.

5. Revenue earned but unbilled total $750.

6. Utility expenses of $200 are unpaid.

7. Interest of $300 has accrued on a note payable.

For each of the above items:

Indicate the type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense).

Prepare the adjusting entries.

Reference no: EM132935804

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