on january 31 2012 the following data were accumulated to assist the accountant

Question

on january 31 2012 the following data were accumulated to assist the accountant in preparing the adjusting entries of oceanside realty:
a:fees accrued but unbilled at January 31 are $1028
b:the supplies account balance on january 31 is 6100 the supplies on hand at january 31 are 1300.
c:waes accrued but not paid at january 31 are 3000
D:the unearned rent account balanced at january 31 is 4500 representing the reciept od an advance payment on january 1 of three months rent from tenants.
e: decpreciation of office equipment is 1400.

Explanation / Answer

(a) Fees receivable/Accounts receivable A/c………..Dr                 1,028        To Service Revenue A/c       1,028 (b) Expense A/c…………..Dr                 4,800     To Supplies A/c       4,800 ( c) Expenses A/c………Debit                 3,000     To Accounts payable A/c       3,000 (d) Unearned Rent A/c………Debit                 1,500 To Rent earned A/c       1,500 (e) Depreciation A/c………..Dr                 1,400    To Office equipment A/c       1,400

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