The accounting records of Vacations Unlimited include the following unadjusted balances at November 30: Accounts Receivable, $1,200;
Question:
The accounting records of Vacations Unlimited include the following unadjusted balances at November 30: Accounts Receivable, $1,200; Supplies, $600; Salaries Payable, $0; Unearned Service Revenue, $1,300; Service Revenue, $5,300; Salaries Expense, $1,500; and Supplies Expense, $0. The following data pertain to the November 30 adjusting entries:
a. Service revenue accrued, $2,200
b. Unearned service revenue that has been earned, $900
c. Supplies on hand, $230
d. Salaries owed to employees, $1,000
Requirement
Record the adjustments, then post them to T-accounts, labeling each adjustment by letter. Calculate each account's adjusted balance?
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JOURNAL DATE ACCOUNTS POST REF Dr Cr a Accounts receivable ...View the full answer
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