On December 31 the following data were sccumulated for prepa

On December 31, the following data were sccumulated for preparing the sojusting entries for Bellingham Resity ·The suppies account ta(ance on December 31 is S5 450 the supplies cn hand on December 31are $1,460 - The unesmed rent sccount bslance on Decembe 31 is $4 700 representing the reoeipt cf ar acvance p . wages accrue° but net oete at December 31 ere $2.275. . Fees eamed but unbiled st December 31 are 918.320 of office aou pmen is $4 905

Solution

1) journal Entries :-

2) The Answer is \"A\"

A. Adjusting entries are a planned part of the accounting process. Correcting entries are not planned

but arise when necessary to correct errors.

S.No.	Particulars	Debit($)	Credit($)
1	Supplies expenses A/c Dr.($5460 - $1460)	4000
	To Supplies Account A/c		4000
2	Unearnes Rent A/c Dr. ($4700/4)	1175
	To Rent Revenue A/c		1175
3	Wages Expense A/c Dr.	2375
	To Accrued Expenses A/c		2375
4	Account Receivable A/c Dr.	18920
	To Service Revenue A/c		18920
5	Depreciation Expense A/c Dr.	4965
	To Accumulated Depreciation - Offce Equipment A/c		4965