Selected general ledger accounts of Sands Company, Inc. are listed below with the identifying account...

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Accounting

Selected general ledger accounts of Sands Company, Inc. are listed below with the identifying account numbers:

11

Cash

22

Unearned Service Fees

12

Accounts Receivable

31

Common Stock

14

Prepaid rent

41

Service Fees Earned

15

Equipment

51

Wages Expense

16

Accumulated Depreciation Building

52

Advertising Expense

21

Accounts Payable

53

Depreciation ExpenseBuilding

23 Wages Payable 54 Office Supplies Expense

13. Supplies

For each of the following transactions or adjustments, indicate the proper accounts to be debited and credited by placing the appropriate account number in the space provided.

Transaction or Adjustment

Debit

Credit

a.

Shareholders invested Cash in the business in exchange for stock

b.

Paid 6 month rent in advance.

c.

Collected payments on account from customers.

d.

Received payment in advance (for future services) from customers.

e.

Bill customers for services rendered.

f.

Made adjustment to record depreciation on Building.

g.

Made adjustment to record portion of prepaid Rent that had expired.

h.

Made adjustment to record portion of service fees received in advance that had been earned.

I. Made Adjustment to Record unpaid Wages. ______ ______

k. Made Adjustment to record portion of office supplies

used ______ ______

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