Monague Company prepares monthly financial statements

The information in a #4304

Monague Company prepares monthly financial statements. The information in (a) to (e) is
available for the preparation of adjusting entries for the month ended September 30, 2014:a. Of
the $ 18,000 balance in Unearned Revenue, $ 11,800 has been earned.b. Furniture costing
$14,800 was purchased last year. It will be used for four years and donated to charity after that
time.c. The Office Supplies account shows an unadjusted balance of $7,200. A physical count
reveals that $6,100 has been used.d. Services provided to customers today (month-end) but
unbilled total $14,350.e. Rent of $12,400 for the month of September is unpaid and
unrecorded.Required Prepare the required adjusting entries at September 30, 2014, for (a) to
(e) and the subsequent entries required for (f) and (g).f. The $14,350 of service revenue
accrued in (d) was collected on October 3, 2014.g. The $12,400 of rent accrued in (e) was paid
on October 4, 2014.View Solution:
Monague Company prepares monthly financial statements The information in a

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