Below are the accounts for Mason's Landscaping and Snow Removal: Bank Service Fees Earned Accounts Receivable...

 

 

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Below are the accounts for Mason's Landscaping and Snow Removal: Bank Service Fees Earned Accounts Receivable Rent Expense Supplies Insurance Expense Prepaid Insurance Supplies Expense Bank Loan Prepaid Rent Office Expense Truck Maintenance Expense Accounts Payable Utilities Expense Unearned Service Fees Interest Expense B. Mason, Capital B. Mason, Drawings For each of the following, record a journal entry for both the original transaction, and the necessary adjustment. The fiscal year-end for Mason's December 31. 1. On July 1, 2014, a customer signed a contract and agreed to pay $840 for 12 months of landscaping and snow removal services. 2. On January 1st Mason's purchased $1200 worth of supplies to last them the year.. A physical count of the supplies shows that there is $300 worth of supplies remaining on December 31. 3. Mason's paid $800 for six months of rent for a garage beginning October 1, 2014. The payment was made on October 1 as well. 4. A 12-month insurance policy was purchased on March 1, 2014 for $2400. 5. On April 1, 2014, a customer paid Mason's $700 cash for 12 months of landscaping and snow removal services. 6. On January 15, 2015, Mason's received a $620 phone and internet bill. The bill covers the service period lasting from December 10, 2014 to January 10, 2015. Below are the accounts for Mason's Landscaping and Snow Removal: Bank Service Fees Earned Accounts Receivable Rent Expense Supplies Insurance Expense Prepaid Insurance Supplies Expense Bank Loan Prepaid Rent Office Expense Truck Maintenance Expense Accounts Payable Utilities Expense Unearned Service Fees Interest Expense B. Mason, Capital B. Mason, Drawings For each of the following, record a journal entry for both the original transaction, and the necessary adjustment. The fiscal year-end for Mason's December 31. 1. On July 1, 2014, a customer signed a contract and agreed to pay $840 for 12 months of landscaping and snow removal services. 2. On January 1st Mason's purchased $1200 worth of supplies to last them the year.. A physical count of the supplies shows that there is $300 worth of supplies remaining on December 31. 3. Mason's paid $800 for six months of rent for a garage beginning October 1, 2014. The payment was made on October 1 as well. 4. A 12-month insurance policy was purchased on March 1, 2014 for $2400. 5. On April 1, 2014, a customer paid Mason's $700 cash for 12 months of landscaping and snow removal services. 6. On January 15, 2015, Mason's received a $620 phone and internet bill. The bill covers the service period lasting from December 10, 2014 to January 10, 2015.

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Journal Entries for Masons Landscaping and Snow Removal 1 Landscaping and Snow Removal Contract Original Transaction July 1 2014 Debit Prepaid Rent 84... View the full answer