Response to the following problem:
The ledger of Terrel Company includes the following unadjusted normal balances: Prepaid Rent $800, Services Revenue $11,600, and Wages Expense $5,000.
Adjusting entries are required for
(a) accrued rent expense $240;
(b) accrued services revenue $180; and
(c) accrued wages expense $160.
Enter these unadjusted balances and the necessary adjustments on a work sheet and complete the work sheet for these accounts. Also include the following accounts: Accounts Receivable, Wages Payable, and Rent Expense.