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P 3–1

17 August, 2015 - 15:27

The following unrelated accounts are extracted from the trial balance of Meekins Limited at December 31, its fiscal year-end:

                   Balance             
  Account Unadjusted Adjusted
a. Prepaid rent $ 300 $ 600
b. Wages payable 500 700
c. Income taxes payable -0- 1,000
d. Unearned commissions revenue 2,000 3,000
e. Other unearned revenue 25,000 20,000
f. Advertizing expense 5,000 3,500
g. Depreciation expense - equipment -0- 500
h. Supplies expense 850 625
i. Truck operating expense 4,000 4,500
 

Required: For each of the above accounts, prepare the most likely adjusting entry, including plausible descriptions. General ledger account numbers are not necessary.