Assume the following adjustment data. 1. Supplies on hand at October 31 total $300. 2. Expired insurance for the month is $100. 3. Depreciation for the month is $70. 4. Services related to unearned service revenue in October worth $600 were performed. 5. Services performed but not recorded at October 31 are $200. 6. Interest to be accrued at October 31 is $80. 7. Salaries to be accrued at October 31 are $1,700. Prepare the adjusting entries for the items above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation 1. Oct. 31 2. Oct. 31 3. Oct. 31 Debit Credit
Assume the following adjustment data. 1. Supplies on hand at October 31 total $300. 2. Expired insurance for the month is $100. 3. Depreciation for the month is $70. 4. Services related to unearned service revenue in October worth $600 were performed. 5. Services performed but not recorded at October 31 are $200. 6. Interest to be accrued at October 31 is $80. 7. Salaries to be accrued at October 31 are $1,700. Prepare the adjusting entries for the items above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation 1. Oct. 31 2. Oct. 31 3. Oct. 31 Debit Credit
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter14: Accounting For Uncollectible Accounts Receivable
Section: Chapter Questions
Problem 1CP
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