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Incomplete data from Babe Ruth Co's counting wstem are provided below. All balances are before yewed...

Question:

Incomplete data from Babe Ruth Cos counting wstem are provided below. All balances are before yewed and all data relate to t
Incomplete data from Babe Ruth Co's counting wstem are provided below. All balances are before yewed and all data relate to the year ended December 31, 2010 Leterest Payable Office Supplies SI SO $100,000 Salas P Albert, the account, knows that adjustments should be made at the end of each accounting period, she gathers the following additional information about possible accruals and deferrals m a Sye d full, 57.000 med salge valutandeeds to be depreciated Bob Ruhe Company wes the A - S 12.000 been all yearben - E c o5 ,000 had the b o dyear Thel Serghe method $65 of the applie d at the end of the period The prepar e to the purchases Ober 1, 2010 - 5110 An additional $16.750 of employee salaries has been incurred but not yet paid Required: Determine the balance of the item below after the appropriate adjustment has been made. The adjusted balance in Unearned Rent Revenue is: OS500 5113500 O $12.00 $15. 00 102 DELL

Answers

Answer 1,500 Working Notes: Unearned Rent Revenue balance before adjustment = $15,000 Adjustment for Unearned rent revenue $1

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