Record the following entries for March 31. Explanations are not required.
a. The balance of the prepaid rent account is $1,200 of the original $3,000.
b. The balance of the unearned revenue account is $5,000 of the original $7,500.
c. Depreciation on machinery is 15% of the depreciable cost of $10,000.
47) Journalize the following entries for December 31. Explanations are not required.
a. Depreciation expense on office equipment was $639.
b. Used supplies for the year was $1,057.
c. Earned subscription revenue for the year was $875.
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