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> lifa1.lyryx.com + up Sans titre Assignment Ly Introduction... Assignment Ly Introduction. Ly Optional Lab... Home - Can... Course Hero 's Facilities -... Course Hero Spreadsheet Print Preferences Help Optional Lab: Chapter 3 Review (Question 3) Name: fx Marois Date: 2023-06-21 Official Time: 14:04:22 Question 3 [25 points] Below are individual unrelated transactions from Segura Corporation. Record each transaction in the General Journal directly below it. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). For each journal entry, indicate how each account affects the balance sheet (Assets, Liabilities, Equity). Use + for increase and - for decrease. For example, if an account decreases equity, choose '-Equity'. a) On October 1, 2023, Segura Corporation provided teaching services to a group of school children and immediately collected cash of $1,500. General Journal Page GJ1 Effect On Date Account/ Explanation F Debit Credit Balance Sheet + - b) On October 3, 2023, Segura Corporation purchased $2,310 of equipment on credit. General Journal Page GJ1 Effect On Date Account/Explanation F Debit Credit Balance Sheet + - c) On October 31, 2023, Segura Corporation recorded $860 of depreciation on buildings for October. General Journal Page GJ1 Effect On Date Account/Explanation F Debit Credit Balance Sheet + -+ lifa1.lyryx.com up Sans titre Assignment Ly Introduction.. Assignment Ly Introduction.. Ly Optional Lab... Home - Can... *Course Hero This Facilities -... Course Hero b) On October 3, 2023, Segura Corporation purchased $2,310 of equipment on credit. General Journal Page GJ1 Effect On Date Account/Explanation F Debit Credit Balance Sheet c) On October 31, 2023, Segura Corporation recorded $860 of depreciation on buildings for October. General Journal Page GJ1 Effect On Date Account/Explanation F Debit Credit Balance Sheet + - d) Segura Corporation reported its salaries expense as $5,300 and rent expense as $1,000, on October 31, 2023, the company's year-end. There were no other expenses. Record the journal entry to close the expense accounts. General Journal Page GJ1 Effect On Date Account/Explanation F Debit Credit Balance Sheet + - e) On October 31, 2023, one month's insurance coverage was used, causing a portion of the asset prepaid insurance to become an expense. This expense was $82. General Journal Page GJ1 Effect On Date Account/Explanation F Debit Credit Balance Sheet + - SUBMIT AND MARK SAVE AND CLOSE
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