Question

Selected information in T-account format is presented below. Journalize the most likely adjustments that caused the balances to change.

a.

Accounts Receivable
Unadjusted Bal. Dec. 31/20	7,900
Adjusted Bal. Dec. 31/20	9,650

b.

Prepaid Rent
Unadjusted Bal. Dec. 31/20	31,000
Adjusted Bal. Dec. 31/20	25,500

c.

Accumulated Depreciation, Machinery
		9,050	Unadjusted Bal. Dec. 31/20
		12,500	Adjusted Bal. Dec. 31/20

d.

Unearned Revenue
		7,200	Unadjusted Bal. Dec. 31/20
		3,150	Adjusted Bal. Dec. 31/20

e.

Salaries Expense
Unadjusted Bal. Dec. 31/20	61,000
Adjusted Bal. Dec. 31/20	64,100

Next Visit prejournal entries of this t ccount

Answer 1

a
Accounts Receivable	1750		=9650-7900
Service Revenue		1750
b
Rent expense	5500		=31000-25500
Prepaid Rent		5500
c
Depreciation expense	3450		=12500-9050
Accumulated Depreciation, Machinery		3450
d
Unearned Revenue	4050		=7200-3150
Service Revenue		4050
e
Salaries Expense	3100		=64100-61000
Salaries Payable		3100