Answer and Explanation:
The journal entries are shown below:
1. Accounts Receivable $8,600
To Fees Earned $8,600
(Being Accrued fees earned is recorded)
2. Supplies Expense ($2,830 - $810) $2,020
To Supplies $2,020
(Being supplies expense is recorded)
3. Wages Expense $1,080
To wages payable $1,080
(Being wages expense is recorded)
4. Unearned Rent ($8,430 ÷ 3) $2,810
To Rent Revenue $2,810
(Being unearned rent is recorded)
5. Depreciation Expense $1,440
To Accumulated Depreciation- Equipment $1,440
(Being Depreciation expense is recorded)
