Adjusting Entries
Allentown Services Inc. is preparing adjusting entries for the year ending December The following data are available:
Interest is owed at December on a month, note. Allentown borrowed $ from NBD on September
Allentown provides daily building maintenance services to Mack Trucks for a quarterly fee of $ payable on the fifteenth of the month following the end of each quarter. No entries have been made for the services provided to Mack Trucks during the quarter ended December and the related bill will not be sent until January of the following year.
On January the cost of office supplies on hand was $ During the year, office supplies with a total cost of $ were purchased from Office Depot and debited to office supplies inventory. On December Allentown determined the cost of office supplies on hand to be $
On September Allentown received a $ payment from Bethlehem Steel for months of maintenance services beginning on October The entire amount was credited to unearned service revenue when received.
Required:
Question Content Area
Prepare the appropriate adjusting entries at December
