Using the unadjusted trial balance, open the T-accounts with the unadjusted balances. Post the adjusting entries to the T-accounts.
Adjustment data at December 31 follow: a.On December 15, Avery contracted to perform services for a client receiving $2,700 in advance. Avery recorded this receipt of cash as Unearned Revenue. As of December 31, Avery has completed $2,100 of the services. b.Avery prepaid two months of rent on December 1. (Assume the Prepaid Rent balance as shown on the […]