EA11. O 4.3 Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Account Title Debit Credit 120,000 Fixed assets Accumulated depreciation Prepaid rent Unearned revenue 24,000 18,000 3,500 A. depreciation on fixed assets, $ 8,500 B. unexpired prepaid rent, $12,500 C. remaining balance of unearned revenue, $555

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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EA11. LO 4.3 Prepare adjusting journal entries, as needed, considering the account balances excerpted from
the unadjusted trial balance and the adjustment data.
Unadjusted Trial Balance
Account Title
Debit
Credit
Fixed assets
120,000
Accumulated depreciation
Prepaid rent
Unearned revenue
24,000
18,000
3,500
A. depreciation on fixed assets, $ 8,500
B. unexpired prepaid rent, $12,500
C. remaining balance of unearned revenue, $555
Transcribed Image Text:EA11. LO 4.3 Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Account Title Debit Credit Fixed assets 120,000 Accumulated depreciation Prepaid rent Unearned revenue 24,000 18,000 3,500 A. depreciation on fixed assets, $ 8,500 B. unexpired prepaid rent, $12,500 C. remaining balance of unearned revenue, $555
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