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

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

1. depreciation on fixed assets, $8,500


2. unexpired prepaid rent, $12,500


3. remaining balance of unearned revenue, $555

Extracted text: Unadjusted Trial Balance Account Title Debit Credit Fixed assets 120,000 Accumulated depreciation Prepaid rent Unearned revenue 24,000 18,000 3,500