Business, 06.07.2021 20:40, nicolasjarrin
On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty:
a. Fees accrued but unbilled at May 31 are $19,750. The supplies account balance on May 31 is $12,300.
b. The supplies on hand at May 31 are $4,150. Wages accrued but not paid at May 31 are $2,700.
c. The unearned rent account balance at May 31 is $9,000, representing the receipt of an advance payment on May 1 of three months' rent from tenants. Depreciation of office equipment is $3,200.
Required:
Journalize the adjusting entries required at May 31.
Answers: 3
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On May 31, the following data were accumulated to assist the accountant in preparing the adjusting e...
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