The accounting records of Galvin Architects include the

following selected #356

The accounting records of Galvin Architects include the following selected, unadjusted balances
at March 31: Accounts Receivable, $1,100; Office Supplies, $1,000; Prepaid Rent, $1,000;
Equipment, $9,000; Accumulated Depreciation—Equipment, $0; Salaries Payable, $0; Unearned
Revenue, $700; Service Revenue, $4,100; Salaries Expense, $1,400; Supplies Expense, $0;
Rent Expense, $0; Depreciation Expense— Equipment, $0. The data developed for the March 31
adjusting entries are as follows:a. Service revenue accrued, $600.b. Unearned revenue that has
been earned, $100.c. Office Supplies on hand, $500.d. Salaries owed to employees, $300.e.
One month of prepaid rent has expired, $500.f. Depreciation on equipment,
$135.Requirements1. Open a T-account for each account using the unadjusted balances
given.2. Journalize the adjusting entries using the letter and March 31 date in the date
column.3. Post the adjustments to the T-accounts, entering each adjustment by letter. Show
each account’s adjusted balance.View Solution:
The accounting records of Galvin Architects include the following selected

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