Adjusting Entries Debit Credit 1,600.00 a.) Insurance Expenses (2400-800) Prepaid Insurance (To record insurance expenses) b.) Store Supplies Expenses Store Supplies (To record supplies expenses) c.) Depreciation (26000*5%) Acc Dep |(To record depreciation) d.) Salaries Expense Salaries Payable (To record salaries payable) e.) Unearned Copy Services Revenue (3000*1/3) Copy Services Revenue (To record revenue) 1,600.00 1,500.00 1,500.00 1,300.00 1,300.00 200.00 200.00 1,000.00 1,000.00
Adjusting Entries Debit Credit 1,600.00 a.) Insurance Expenses (2400-800) Prepaid Insurance (To record insurance expenses) b.) Store Supplies Expenses Store Supplies (To record supplies expenses) c.) Depreciation (26000*5%) Acc Dep |(To record depreciation) d.) Salaries Expense Salaries Payable (To record salaries payable) e.) Unearned Copy Services Revenue (3000*1/3) Copy Services Revenue (To record revenue) 1,600.00 1,500.00 1,500.00 1,300.00 1,300.00 200.00 200.00 1,000.00 1,000.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Using the information in the attached pictures, prepare the REVERSING ENTRIES
REVERSING ENTRIES:
a.)
b.)
c.)
d.)
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