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. Insurance expired during May is $275. b. Supplies on hand on May 31 are $715. c. Depreciation of office equipment for May is $330. d. Accrued receptionist salary on May 31 is $325. e. Rent expired during May is $1,600. f. Unearned fees on May 31 are $3,210.

Respuesta :

Tundexi

Here, we are going to record the entries for the information in the question.

  • Insurance expired during May is $275

Date   Account titles               Debit    Credit

           Insurance expense      $275

                 Prepaid insurance                  $275

  • Supplies on hand on May 31 are $715

Here, the supplies balance before the adjustment is not stated, so, let assume it is $1,500

Date   Account titles              Debit   Credit

           Supplies expense       $785

           ($1500-$715)

                 Supplies                              $785

  • Depreciation of office equipment for May is $330

Date   Account titles                        Debit    Credit

           Depreciation - equipment    $330

                 Accumulated depreciation         $330

  • Accrued receptionist salary on May 31 is $325

Date   Account titles               Debit     Credit

          Salary account              $325

                 Accrued salary                      $325

  • Rent expired during May is $1,600

Date   Account titles               Debit    Credit

          Rent expense               $1,600

                Prepaid rent                            $1,600

  • Unearned fees on May 31 are $3210

Here, the unearned fees balance before the adjustment is not given, so, lets assume it was $4,000.

Date   Account titles               Debit    Credit

          Unearned fees              $790

          ($4,000 - $3,210)

                Fees revenue                         $790

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