Daube Industries’ operations for the month of October are summarized as follows: Provided $6,200 of services on account. Received $3,400 cash for services provided in October. Received $1,800 cash for services to be provided in November. Received $4,400 cash for service provided in September and billed in September. Paid September’s warehouse rental bill on account in the amount of $1,300. Received October’s rental bill of $1,400 which will be paid in November. Required: Prepare journal entries to record the transactions identified among activities (A) through (F). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Did I do this correctly? If not please explain why.
Daube Industries’ operations for the month of October are summarized as follows: Provided $6,200 of services on account. Received $3,400 cash for services provided in October. Received $1,800 cash for services to be provided in November. Received $4,400 cash for service provided in September and billed in September. Paid September’s warehouse rental bill on account in the amount of $1,300. Received October’s rental bill of $1,400 which will be paid in November. Required: Prepare journal entries to record the transactions identified among activities (A) through (F). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Did I do this correctly? If not please explain why.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
Daube Industries’ operations for the month of October are summarized as follows:
- Provided $6,200 of services on account.
- Received $3,400 cash for services provided in October.
- Received $1,800 cash for services to be provided in November.
- Received $4,400 cash for service provided in September and billed in September.
- Paid September’s warehouse rental bill on account in the amount of $1,300.
- Received October’s rental bill of $1,400 which will be paid in November.
Required:
Prepare journal entries to record the transactions identified among activities (A) through (F). (If no entry is required for a transaction/event, select "No
Did I do this correctly? If not please explain why.
![No
Transactions
General Journal
Debit
Credit
A
Accounts Receivable
6,200
Service Revenue
6,200
2
В
Cash
3,400
Service Revenue
3,400
3
C
Cash
1,800
Deferred Revenue
1,800
Cash
4,400
Service Revenue
4,400
5
E
Accounts Payable
1,300
Cash
1,300
6
F
Rent Expense
1,400
Accounts Payable
1,400
4.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faf1e8895-f936-4061-97ea-eb9952c3618c%2F1fe5cab5-b09a-450f-bfac-1be400b434e3%2Fzj1uxka_processed.png&w=3840&q=75)
Transcribed Image Text:No
Transactions
General Journal
Debit
Credit
A
Accounts Receivable
6,200
Service Revenue
6,200
2
В
Cash
3,400
Service Revenue
3,400
3
C
Cash
1,800
Deferred Revenue
1,800
Cash
4,400
Service Revenue
4,400
5
E
Accounts Payable
1,300
Cash
1,300
6
F
Rent Expense
1,400
Accounts Payable
1,400
4.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education