Adjusting Entries The following selected accounts appear in the Gloria Company’s unadjusted trial balance as of December 31, the end of the fiscal year (all accounts have normal balances):     Prepaid advertising. . . . . .                $ 3,600  Unearned service fees . . . .                        $ 4,800  Wages expense . . . . . . . .  45,800 Service fees earned . . . . . .                         88,000 Prepaid insurance . . . . . .                    6,420  Rental income . . . . . . . . . . .                          4,900

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Adjusting Entries

The following selected accounts appear in the Gloria Company’s unadjusted trial balance as of December 31, the end of the fiscal year (all accounts have normal balances):    

Prepaid advertising. . . . . .                $ 3,600  Unearned service fees . . . .                        $ 4,800 
Wages expense . . . . . . . .  45,800 Service fees earned . . . . . .                         88,000
Prepaid insurance . . . . . .                    6,420  Rental income . . . . . . . . . . .                          4,900

 

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