Prepare adjusting journal entries, asneeded, considering the account balances excerpted from theunadjusted trial balance and the adjustment data.depreciation on fixed assets, $ 8,500unexpired prepaid...

Prepare adjusting journal entries, as
needed, considering the account balances excerpted from the
unadjusted trial balance and the adjustment data.

Excerpt from Unadjusted Trial Balance. Debits: Fixed Assets 120,000; Prepaid Rent 18,000. Credits: Accumulated Depreciation 24,000; Unearned Revenue 3,500.



  1. depreciation on fixed assets, $ 8,500

  2. unexpired prepaid rent, $12,500

  3. remaining balance of unearned revenue, $555

Oct 12, 2022
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