On July 31, 2014, the following data were accumulated to assist the accountant in preparing the adjusting entries for Atrium Realty:

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On July 31, 2014, the following data were accumulated to assist the accountant in preparing the adjusting entries for Atrium Realty:

 

1.  The supplies account balance on July 31 is $6,880. The supplies on hand on July 31 are $2,200.

2.  The unearned rent account balance on July 31 is $9,200, representing the receipt of an advance payment on July 1 of four months' rent from tenants.

3.  Wages accrued but not paid at July 31 are $1,850.

4.  Fees accrued but unbilled at July 31 are $11,700.

5.  Depreciation of office equipment is $3,500.

 

 

Required:

Prepare the adjusting entries

 

    • 10 years ago
    Atrium Realty (adjusting entries) _ correct answers w/ Solutions !! Use it as a GUIDE !
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