Mar. 31 Accounts Receivable 700 Service Revenue 700 To accrue service revenue. (b) Mar. 31 Unearned Revenue 100 Service Revenue 100 To record service revenue that was collected in advance. (c) Mar. 31 Supplies Expense 400 Office Supplies 400 To record office supplies used. (d) Mar. 31 Salaries Expense 200 Salaries Payable 200 To accrue salaries expense. (e) Mar. 31 Rent Expense 560 Prepaid Rent 560 To record rent expense. (f) Mar. 31 Depreciation Expense—Equipment 120 Accumulated Depreciation—Equipment 120 To record depreciation on equipment use the following adjustments to make a T-acct for each item, continued instructions found in image
Mar. 31 Accounts Receivable 700 Service Revenue 700 To accrue service revenue. (b) Mar. 31 Unearned Revenue 100 Service Revenue 100 To record service revenue that was collected in advance. (c) Mar. 31 Supplies Expense 400 Office Supplies 400 To record office supplies used. (d) Mar. 31 Salaries Expense 200 Salaries Payable 200 To accrue salaries expense. (e) Mar. 31 Rent Expense 560 Prepaid Rent 560 To record rent expense. (f) Mar. 31 Depreciation Expense—Equipment 120 Accumulated Depreciation—Equipment 120 To record depreciation on equipment use the following adjustments to make a T-acct for each item, continued instructions found in image
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
'
a) Mar. 31
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700
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Service Revenue
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700
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To accrue service revenue.
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(b) Mar. 31
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Unearned Revenue
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100
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||
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Service Revenue
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100
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To record service revenue that was collected in advance.
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(c) Mar. 31
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Supplies Expense
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400
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||
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Office Supplies
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400
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To record office supplies used.
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(d) Mar. 31
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Salaries Expense
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200
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||
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Salaries Payable
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200
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To accrue salaries expense.
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(e) Mar. 31
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Rent Expense
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560
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Prepaid Rent
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560
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To record rent expense.
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(f) Mar. 31
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120
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120
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To record depreciation on equipment
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use the following adjustments to make a T-acct for each item, continued instructions found in image
![Enter the unadjusted balances on the first line of each account. Use a "Mar. 31" reference to show the unadjusted
balance. Post the adjusting entries to the T-accounts using the corresponding letters (a) through (f) as posting
references. Use a "Bal." reference to show the ending balance of each account. (For accounts with a $0
unadjusted balance, make sure to enter "0" on the normal side of the accounts.)
Review the adjusting entries you prepared in Requirement 1.
Accounts Receivable
Office Supplies
Salaries Payable
Unearned Revenue
Service Revenue
Salaries Expense](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3842248-f97c-4e52-84b1-3579813b4608%2F2194f6f9-6b04-4bc7-8c56-0c478d8f8943%2Fqbhyn1_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Enter the unadjusted balances on the first line of each account. Use a "Mar. 31" reference to show the unadjusted
balance. Post the adjusting entries to the T-accounts using the corresponding letters (a) through (f) as posting
references. Use a "Bal." reference to show the ending balance of each account. (For accounts with a $0
unadjusted balance, make sure to enter "0" on the normal side of the accounts.)
Review the adjusting entries you prepared in Requirement 1.
Accounts Receivable
Office Supplies
Salaries Payable
Unearned Revenue
Service Revenue
Salaries Expense
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