Iron River Company, an electronics repair store, prepared the unadjusted trial balance at the end of
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Iron River Company, an electronics repair store, prepared the unadjusted trial balance at the end of its first year of operations shown below.For preparing the adjusting entries, the following data were assembled:a. Fees earned but unbilled on April 30 were $1,775.b. Supplies on hand on April 30 were $1,200.c. Depreciation of equipment was estimated to be $4,100 for the year.d. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $1,750 of the services was provided between April 1 and April 30.e. Unpaid wages accrued on April 30 were $600.InstructionsJournalize the adjusting entries necessary on April 30,2008.
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Iron River Company an electronics repair store prepared the un
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