Adjusting entries the wheel place, inc., began operations on march 1 to provide automotive wheel alignment and balancing services. on march 31, 2012, the unadjusted balances of the firm's accounts are as follows: the wheel place, inc. unadjusted trial balance march 31, 2012 debit credit cash $1,900 accounts receivable 3,820 prepaid rent 4,780 supplies 3,700 equipment 36,000 accounts payable 2,340 unearned service revenue 1,000 common stock 38,400 service revenue 12,360 wages expense 3,900 totals $54,100 $54,100 the following information is also available: the balance in prepaid rent was the amount paid on march 1 for the first 4 months rent. supplies on hand on march 31 were $1,750. the equipment, has an estimated life of 4 years. unpaid wages at march 31 were $860. utility services used during march were estimated at $420. a bill is expected early in april. the balance in unearned service revenue was the amount received on march 1 from a new car dealer to cover alignment and balancing services on all new cars sold by the dealer in march and april. the wheel place agreed to provide the services at a fixed fee of $530 each month.

Explanation:

The adjusting entries are shown below:

1. Rent Expenses A/c $1,195      ($4,780 ÷ 4 months)

         To Prepaid rent A/c $1,195

(Being the prepaid rent is adjusted)

2. Supplies expense A/c Dr $1,950

                To supplies A/c $1,950

(Being supplies account is adjusted)

The supplies expense is computed by

= Supplies balance - supplies on hand

= $3,700 - $1,750

= $1,950

3. Depreciation Expense A/c Dr $750

          To Accumulated Depreciation - Equipment A/c $750

(Being depreciation expense is recorded)

The computation is shown below:

= ($36,000 ÷  4 years) × 1 months ÷ 12 months

= $750

4. Wages expenses A/c $860

           To wages payable A/c $860

(Being the wages are adjusted)

5. Utilities expense A/c Dr $400

       To  Utilities payable A/c $400

(Being the utilities are adjusted)

6. Unearned Service revenue A/c $530

        To Service revenue A/c 530

(Being the unearned Service revenue is recorded)

step 1: create a plan

step 2: inventory facility equipment/assets

step 3: create preventive maintenance procedures

step 4: create preventive maintenance schedules

step 5: train your maintenanceteam

step 6: analyze – adjust - improve

or

step 1 – pm procedure design: doing the effective things

step 2 – pm procedure scheduling: efficient use of people and resources

step 3 – pm lubrication engineering

step 4 – pm training: back on the chain gang

step 5 – pm program management plan

step 6 – communicate, communicate, communicate

answer: d. characteristics of guests

explanation: it is directly related to the spending characteristics of attendees who fall into each of these categories: