Selected account balances before adjustment for Green Lake Realty at August 31, 2008, the end of the current year, are shown below.

Debits

Credits

Accounts Receivable

$38,250

 

Accumulated Depreciation

 

$ 26,900

Depreciation Expense

 

Equipment

90,500

 

Fees Earned

 

275,500

Prepaid Rent

9,750

 

Rent Expense

 

Supplies

2,145

 

Supplies Expense

 

Unearned Fees

 

6,175

Wages Expense

81,500

 

Wages Payable

 

Data needed for year end adjustments are as follows:

a. Supplies on hand at August 31, $500.

b. Depreciation of equipment during year, $1,375.

c. Rent expired during year, $4,525.

d. Wages accrued but not paid at August 31, $2,200.

e. Unearned fees at August 31, $1,500.

f. Unbilled fees at August 31, $6,780.

Instructions

Journalize the six adjusting entries required at August 31, based upon the data presented.