Consider the account balances excerpted from the unadjusted trial balance and the adjustment data.Unadjusted Trial BalanceAccount TitleFixed AssetsAccumulated DepreciationPrepaid RentUnearned RevenueA.B.C.Debit$123,0008,90018,300A. Depreciation on fixed assets, $8,900B. Unexpired prepaid rent, $12,700C. Remaining balance of unearned revenue, $565Prepare adjusting journal entries, as needed. If an amount box does not require an entry, leave it blank.24,300 XCredit565 X$24,3003,7008,90012,700 X

Consider the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Account Title Fixed Assets Accumulated Depreciation Prepaid Rent Unearned Revenue A. B. Debit $123,000 C. 18,300 A. Depreciation on fixed assets, $8,900 3. Unexpired prepaid rent, $12,700 C. Remaining balance of unearned revenue, $565 Prepare adjusting journal entries, as needed. If an amount box does not require an entry, leave it blank. 8,900 ✓ 24,300 X Credit 565 X $24,300 3,700 8,900 12,700 X

Consider the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Account Title Fixed Assets Accumulated Depreciation Prepaid Rent Unearned Revenue A. B. Debit $123,000 C. 18,300 A. Depreciation on fixed assets, $8,900 3. Unexpired prepaid rent, $12,700 C. Remaining balance of unearned revenue, $565 Prepare adjusting journal entries, as needed. If an amount box does not require an entry, leave it blank. 8,900 ✓ 24,300 X Credit 565 X $24,300 3,700 8,900 12,700 X

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 11EA: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...

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