Business, 11.02.2021 22:10 miamassimino

Journalize the December 31 adjusting entry required if the amount of unearned fees at the end of the year is $12,530. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. ASSETS
11Cash
12Accounts Receivable
13Supplies
14Prepaid Insurance
15Land
16Equipment
17Accumulated Depreciation-Equipment
LIABILITIES
21Accounts Payable
22Unearned Fees
23Salaries Payable
24Taxes Payable
EQUITY
31Common Stock
32Retained Earnings
33Dividends
REVENUE
41Fees Earned
EXPENSES
51Advertising Expense
52Insurance Expense
53Rent Expense
54Salary Expense
55Supplies Expense
56Utilities Expense
57Depreciation Expense
59Miscellaneous Expense

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