The Accounting Records of Marcus Service Company Include the Following

question 134

Essay

The accounting records of Marcus Service Company include the following selected, unadjusted balances at June 30: Accounts Receivable, $2,700; Office Supplies, $1,800; Prepaid Rent, $3,600; Equipment, $15,000; Accumulated Depreciation - Equipment, $1,800; Salaries Payable, $0; Unearned Revenue, $2,400; Office Supplies Expense, $2,800; Rent Expense, $0; Salaries Expense, $15,000; Service Revenue, $40,500.
The following data developed for adjusting entries are as follows:
a. Service revenue accrued, $1,400
b. Unearned Revenue that has been earned, $800
c. Office Supplies on hand, $700
d. Salaries owed to employees, $1,800
e. One month of prepaid rent has expired, $1,200
f. Depreciation on equipment, $1,500
Journalize the adjusting entries. Omit explanations.

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Definitions:

Durham Rule

A legal standard determining the criminal responsibility based on whether a defendant's unlawful act was the product of mental disease or defect.

ALI Rule

Legal principle stating that a person is not responsible for criminal conduct if he or she lacks the capacity to appreciate the criminality (wrongfulness) of the act or to conform his or her conduct to the requirements of the law as a result of mental disease.

Irresistible Impulse Rule

A legal defense asserting that a defendant was unable to control their actions due to a mental illness, making them not responsible for the criminal behavior.

M'Naghten Rule

A standard for defining legal insanity, which asserts that a defendant must be found mentally incapable of understanding the nature of his actions or distinguishing right from wrong at the time of the offense.