The following unadjusted accounts and related balances are provided at September 30: Accounts Receivable $2,400 Supplies 1,200
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Question:
The following unadjusted accounts and related balances are provided at September 30:
Accounts Receivable | $2,400 |
Supplies | 1,200 |
Salaries/Wages Payable | 0 |
Unearned Service Revenue | 500 |
Service Revenue | 15,000 |
Salaries/Wages Expense | 2,100 |
Depreciation Expense | 0 |
Accumulated Depreciation | 3,000 |
Instructions:
Open T-accounts and post the adjusting entries indicated from the following data.
(a) Supplies on hand, $200.
(b) Service revenue recognized but not accrued, $900.
(c) Unearned revenue recognized but not recorded, $400.
(d) Salaries/wages owed to employees, $700.
(e) Depreciation of $200 is recognized.
Related Book For
Financial Accounting
ISBN: 978-0133375534
2nd Canadian edition
Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad
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