Blue Spruce Inc. had the following transactions. 1. Prepaid insurance of $690 has expired. Supplies on...

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Blue Spruce Inc. had the following transactions. 1. Prepaid insurance of $690 has expired. Supplies on hand at the end of the year total $1,450. The unadjusted balance was $2,625. 4 Monthly depreciation on equipment is $570. Services of $450 have been provided. This amount was previously received and recorded as unearned revenue. Salaries earned by employees for the month of $1,900 have not been paid or recorded. The utility bill for $395 was received on the last day of the month and is unpaid and unrecorded. Services performed but not collected in cash or recorded total $805. 2. 3. 4. 5. 6. 7. 8 9. 10. 11. Interest on a bank loan line of credit of $180 has accrued Services have now been performed in the amount of $1.745 on a job that totalled $3,900. The total was paid previously by the customer. Equipment was purchased for $14,400 and has a useful life of five years. The company records its depreciation monthly Services were performed for $1,310 but the accounting clerk forgot to prepare or record the invoice to the customer until after the end of the month Prepare the monthly adjusting entries. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Blue Spruce Inc. had the following transactions. 1. Prepaid insurance of $690 has expired. Supplies on hand at the end of the year total $1,450. The unadjusted balance was $2,625. 4 Monthly depreciation on equipment is $570. Services of $450 have been provided. This amount was previously received and recorded as unearned revenue. Salaries earned by employees for the month of $1,900 have not been paid or recorded. The utility bill for $395 was received on the last day of the month and is unpaid and unrecorded. Services performed but not collected in cash or recorded total $805. 2. 3. 4. 5. 6. 7. 8 9. 10. 11. Interest on a bank loan line of credit of $180 has accrued Services have now been performed in the amount of $1.745 on a job that totalled $3,900. The total was paid previously by the customer. Equipment was purchased for $14,400 and has a useful life of five years. The company records its depreciation monthly Services were performed for $1,310 but the accounting clerk forgot to prepare or record the invoice to the customer until after the end of the month Prepare the monthly adjusting entries. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)

Answer rating: 100% (QA)

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