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Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. Services performed but unbilled and uncollected at July 31 were $1,800. 2. Depreciation on equipment for the month was $190. 3. One-twelfth of the insurance expired. 4. A count shows $340 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $420.

Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. Services performed but unbilled and uncollected at July 31 were $1,800. 2. Depreciation on equipment for the month was $190. 3. One-twelfth of the insurance expired. 4. A count shows $340 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $420.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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can someone explain why the ones that are in red wrong?

 

List of Accounts

  • Accounts Payable
  • Accounts Receivable
  • Accumulated Depreciation-Buildings
  • Accumulated Depreciation-Equipment
  • Accumulated Depreciation-Delivery Trucks
  • Advertising Expense
  • Buildings
  • Cash
  • Debt Investments
  • Delivery Trucks
  • Depreciation Expense
  • Equipment
  • Gasoline Expense
  • Income Summary
  • Income Tax Expense
  • Income Taxes Payable
  • Insurance Expense
  • Interest Expense
  • Interest Payable
  • Interest Receivable
  • Interest Revenue
  • Inventory
  • Land
  • Long-term Debt
  • Long-term Investments
  • Maintenance and Repairs Expense
  • Miscellaneous Expense
  • Mortgage Payable
  • No Entry
  • Notes Payable
  • Notes Receivable
  • Owner's Capital
  • Owner's Drawings
  • Patent Needs
  • Prepaid Advertising
  • Prepaid Insurance
  • Prepaid Rent
  • Rent Expense
  • Rent Revenue
  • Salaries and Wages Expense
  • Salaries and Wages Payable
  • Service Revenue
  • Short-Term Investments
  • Stock Investments
  • Supplies
  • Supplies Expense
  • Ticket Revenue
  • Unearned Rent Revenue
  • Unearned Service Revenue
  • Utilities Expense
Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. Services performed but unbilled and uncollected at July 31 were $1,800. 2. Depreciation on equipment for the month was $190. 3. One-twelfth of the insurance expired. 4. A count shows $340 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $420. r. Date Account Tiītles and Explanation Debit Credit July 1. Accounts Receivable 1800 31 Service Revenue 1800 July 2. Depreciation Expense 190 31 Equipment 190 July 3. Insurance Expense 31 Prepaid Insurance July 4. Supplies Expense 31 Supplies July Salaries and Wages Expense 420 31 Salaries and Wages Payable 420 5.
Transcribed Image Text:Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. Services performed but unbilled and uncollected at July 31 were $1,800. 2. Depreciation on equipment for the month was $190. 3. One-twelfth of the insurance expired. 4. A count shows $340 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $420. r. Date Account Tiītles and Explanation Debit Credit July 1. Accounts Receivable 1800 31 Service Revenue 1800 July 2. Depreciation Expense 190 31 Equipment 190 July 3. Insurance Expense 31 Prepaid Insurance July 4. Supplies Expense 31 Supplies July Salaries and Wages Expense 420 31 Salaries and Wages Payable 420 5.
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