Reference no: EM132624679
Question - The following is the Bravo Unlimited unadjusted Trial Balance.
Bravo Unlimited Unadjusted Trial Balance December 31, 2016
Account Title Debit Credit
Cash $88,450
Accounts Receivable 231,860
Supplies 6,255
Prepaid Rent 11,000
Equipment 395,285
Accumulated Depreciation $224,260
Accounts Payable 72,555
Wages Payable 0
Capital Stock 220,000
Retained Earnings 111,145
Service Revenue 893,105
Interest Income 1,500
Rent Expense 60,500
Wages Expense 527,260
Supplies Expense 42,520
Utilities Expense 8,595
Depreciation Expense 144,000
Interest Expense 6,840
Totals $1,522,565 $1,522,565
Adjusting Items:
1. A physical inventory shows supplies on hand of $3,000 at year end.
2. The prepaid rent covers December 2016 thru March 2017 rents.
3. December depreciation on equipment is $11,000 per month.
4. At year end Wages of $10,000 were earned but unpaid.
Required - Use this information to prepare the General Journal entry (without explanation) for the required end of the month adjustment. If no entry is required then write "No Entry Required."