Business, 07.06.2020 03:59 dari122223

The accounting records of Grayson Architects include the following selected, unadjusted balances at March 31: Accounts Receivable, $1,700; Office Supplies, $900; Prepaid Rent, $3,600; Equipment, $6,000; Accumulated Depreciation longEquipment, $0, Salaries Payable, $0; Unearned Revenue, $500; Service Revenue, $4,600; Salaries Expense, $1,400; Supplies Expense, $0; Rent Expense, $0; Depreciation ExpenselongEquipment, $0. (Assume all balances are normal balances).The data developed for the March 31 adjusting entries are as follows:Service revenue accrued, $600.Unearned revenue that has been earned, $100. Office Supplies on hand, $500. Salaries owed to employees, $300. One month of prepaid rent has expired, $500. Depreciation on equipment, $135. Requirements:Open a T-account for each account using the unadjusted balances given. Journalize the adjusting entries using the letter and March 31 date in the date column.

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The accounting records of Grayson Architects include the following selected, unadjusted balances at...

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