Question: how do you answer this question please help... E3.12 Journalise basic transactions and adjusting entries. LO4 Selected accounts of Snowmass Ltd are shown here: Supplies

how do you answer this question please help... E3.12 Journalise basic

how do you answer this question please help...

E3.12 Journalise basic transactions and adjusting entries. LO4 Selected accounts of Snowmass Ltd are shown here: Supplies expense Supplies July 31 500 July 1 Bal. 1 100 July 31 500 10 200 Salaries payable Service revenue receivable July 31 1 200 July 31 500 Salaries expense Service revenue received in advance July 15 1 200 July 31 900 July 1 Bal. 1500 31 1 200 20 700 Service revenue July 14 3 000 31 900 31 500 Required After analysing the accounts, journalise (a) the July transactions and (b) the adjusting entries that were made on 31 July. (Hint: July transactions were for cash.)

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