Answer:
Adjusting Entries
Date Description Debit Credit
1. December 31 Fees Revenue $6,300
Account Receivable $6300
2. December 31 Supplies Expense $3,790
Supplies Inventory $3,790
3. December 31 Wages Expense $2,700
Wages Payable $2,700
4. December 31 Depreciation Expense $1,650
Accumulated Depreciation $1,650
December 31 Rent Expense $10,800
Prepaid Rent $10,800
Explanation:
Supplies Expense = $4,750 - $960 = $3,790
Rent expired term is considered as there is a prepaid rent balance of $10,800
