1. Prepare the December 31 adjusting entries for the following transactions. Omit explanations. 1. Fees accrued but not billed, $6,300. 2. The supplies account balance on December 31, $4,750; supplies on hand, $960. 3. Wages accrued but not paid, $2,700. 4. Depreciation of office equipment, $1,650. 5. Rent expired during year, $10,800.

1. Debit Accounts Receivable $6300

Credit Fees Revenue $6300

2. Debit Supplies Expense $3790

Credit Supplies $3790

3. Debit Wages Expense $2700

Credit Wages Payable $2700

4. Debit Depreciation Expense $1650

Credit Accumulated Depreciation-office equip. $1650

5. Debit Rent Expense $10800

Credit Prepaid Rent $10800

Explanation:

Preparation of the December 31 adjusting entries

1. Debit Accounts Receivable $6300

Credit Fees Revenue $6300

2. Debit Supplies Expense $3790

Credit Supplies $3790

(4750-960)

3. Debit Wages Expense $2700

Credit Wages Payable $2700

4. Debit Depreciation Expense $1650

Credit Accumulated Depreciation-office equip. $1650

5. Debit Rent Expense $10800

Credit Prepaid Rent $10800

answer; i believe that (pastoral society) is the correct answer;

i'ts proportional. if the inflation rate is 12% for example, the cpi will be 12% less.

hope it ,

bioteacher101