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Rubric Joe Clark has his own Desktop Publishing business. In may you as the bookkeeper prepared a Trial Balance and then reviewed the accounts. The following items became apparent upon review of the accounts in the trial balance: No adjusting entries have been made thus far this year. 1 The office supplies on had were counted and a value of $100 was attributed to the remaining items 2 The prepaid rent was $1,200 for 3 months rent paid on May 1 2020. 3 The equipment was purchased on January 1 2020 and has a 5 year life 4 Salaries earned but not yet paid amount to $350 5 Services to clients that have been completed but not yet billed total $2,000 6 Received a telephone bill for $200 7 The unearned revenue was for an order paid by a customer for a parts. $1000 of the order has been shipped to the customer Required: There are multiple steps to the question. Please scroll down to make sure you see each section CommentsUse complete account names, if it is an expense, payable, prepaid- you must use these in the account name in the adjusting entries. Prepare the adjusting entries for the Items 1-7 above Adjusting Entries Date 31-May 31-May 31-May

prepare the closing entry. how do i creat the closing entry?

foe Clark has his own Desktop Publishing business, In may you as the bookkeeper prepared a Trial Balance and then reviewed the accounts. The following ttems became apparent upon review of the accounts in the trial balance: No adjusting entries have been made thus far this year. 1 The office supplies on had were counted and a value of $100 was attributed to the remaining items 2. The prepaid rent was $1,200 for 3 months rent paid on May 12020 . 3 the equipment was purchased on January 12020 and has a 5 year life 4 salaries earned but not yet paid amount to $350 5 Services to clients that have been completed but not yet billed total $2,000 6 freceived a telephone bill for $200 7 The unearned revenue was for an order paid by a customer for a parts. $1000 of the order has been shipped to the customer Required: There are multiple steps to the question. Please scroll down to make sure you see each section Prepare the adjusing entries for the Itens 1 -7 above. Mdjustinc Entries. Question 1 Joe Clark Desktop Publishine Services Worksheet For the year ended May 312020

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