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Selected accounts of Bang Bang Boom Fireworks Limited follow: Inst ructions From

Selected accounts of Bang Bang Boom Fireworks Limited follow: Inst ructions From

Selected accounts of Bang Bang Boom Fireworks Limited follow:

Inst ructions
From an analysis of the T accounts, reconstruct (a) the August transaction entries, and (b) the adjusting entries that were recorded on August 3 I.

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Supplies Accounts Receivable Beg. Bal 800 08/31 470 2.400 1.650 FV-OCI Investments 6,000 08/31 FV-NI Investments 3,450 08/31 800 08/16 08/31 Beg. Bal 720 Salaries and Wages Payable Unearned Revenue 08/31 08/31 400 08/20 650 Service Revenue Salaries and Wages Expense 08/31 08/31 2,400 1,650 400 08/15 08/31 800 600 Supplies Expense Investment Income or Loss 08/31 470 08/31 800 Unrealized Gain or Loss (OCI) 08/31 720