Prepare the December 31 Adjusting Entries for the Following Transactions

question 103

Essay

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

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Definitions:

Thomas Hobbes

A 17th-century English philosopher known for his work in political philosophy, particularly his social contract theory as outlined in his book "Leviathan," emphasizing a powerful sovereign for societal peace.

Ordered Society

An ordered society is a community or civilization that operates under a system of laws, norms, and institutions that ensure stability, harmony, and structured social interactions among its members.

Boston Tea Party

A political protest by the Sons of Liberty in Boston, on December 16, 1773, against the tax policy of the British government by throwing chests of tea from ships into Boston Harbor.

Reprisals

Acts of retaliation, often within the context of international relations, military actions, or diplomatic disputes.