Given below is a listing of selected accounts before adjusting entries for Duane Corporation as of December 31.
Complete the 'Adjusted Account Balances' column on the basis of the following information:
a. Unused supplies amount to $400 on December 31.
b. $300 of rent is prepaid on December 31.
c. Unpaid salaries amount to $500 on December 31.
d. $1,200 of the $45,000 service revenue is not yet earned on December 31.

Question

Given below is a listing of selected accounts before adjusting entries for Duane Corporation as of December 31.
  Complete the 'Adjusted Account Balances' column on the basis of the following information: 
a. Unused supplies amount to $400 on December 31.
b. $300 of rent is prepaid on December 31.
c. Unpaid salaries amount to $500 on December 31.
d. $1,200 of the $45,000 service revenue is not yet earned on December 31.

Quizplus · Accepted Answer

The Answer of Given below is a listing of selected accounts before adjusting entries for Duane Corporation as of December 31.
  Complete the 'Adjusted Account Balances' column on the basis of the following information: 
a. Unused supplies amount to $400 on December 31.
b. $300 of rent is prepaid on December 31.
c. Unpaid salaries amount to $500 on December 31.
d. $1,200 of the $45,000 service revenue is not yet earned on December 31.

Given Below Is a Listing of Selected Accounts Before Adjusting