Question

At December 31 of the current year, Blossom Corporation had a number of items that were not reflected in its accounting records. Maintenance and repair costs of $930 were incurred but not paid. Utilities costing $400 were used but not paid, and use of a warehouse space worth $2,100 was provided to a tenant who had not been billed as of the end of the month.

Record the required adjusting entries related to these events. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Answer 1

Date	Account title	Debit	Credit
Dec. 31	Maintenance and repair expense	930
	Accounts payable		930
Dec. 31	Utilities expense	400
	Utilities payable (or) Accounts payable		400
Dec. 31	Accounts receivable	2,100
	Rent revenue		2,100