Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. July 31 Supplies Expense 5616 Supplies 5616 July 31 Rent Expense 936 Prepaid Rent 936 3. July 31 Salaries and Wages Expense 0224 Salaries and Wages Payable 3224 4. July 31 Depreciation Expense 6240 Accumulated Depreciation-Buildings 6240 5. July 31 Unearned Service Revenue 4888 Service Revenue 4888 6. July 31 Maintenance and Repairs Expense 2392 Accounts Payable 2392 2.
Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. July 31 Supplies Expense 5616 Supplies 5616 July 31 Rent Expense 936 Prepaid Rent 936 3. July 31 Salaries and Wages Expense 0224 Salaries and Wages Payable 3224 4. July 31 Depreciation Expense 6240 Accumulated Depreciation-Buildings 6240 5. July 31 Unearned Service Revenue 4888 Service Revenue 4888 6. July 31 Maintenance and Repairs Expense 2392 Accounts Payable 2392 2.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
I need help with number 4, I dint know why it was marked wrong.

Transcribed Image Text:Prepare the adjusting entries at July 31 assuming that adjusting entries aremade monthly. (Credit account titles are automatically
indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the
amounts.)
No.
Date
Account Titles and Explanation
Debit
Credit
1.
July 31
Supplies Expense
5616
Supplies
5616
2.
July 31
Rent Expense
936
Prepaid Rent
936
3.
July 31
Salaries and Wages Expense
0224
Salaries and Wages Payable
3224
4.
July 31
Depreciation Expense
6240
Accumulated Depreciation-Buildings
6240
5.
July 31
Unearned Service Revenue
4888
Service Revenue
4888
6.
July 31
Maintenance and Repairs Expense
2392
Accounts Payable
2392

Transcribed Image Text:The ledger of Bramble Corp. on July 31, 2022, includes the foltowing selected accounts before adjusting entries have been prepared.
Debit
Credit
Supplies
$24.960
Prepaid Rent
3.744
Buildings
260.000
Accumulated Depreciation-Buildings
$ 145.600
Unearned Service Revenue
11.960
An analysis of the company's accounts shows the following.
1.
Supplies on hand at the end of the month totaled $ 19.344.
2.
The balance in Prepaid Rent represents 4 months of rent costs.
3.
Employees were owed $ 3,224 related to unpaid and unrecorded salaries and wages.
4.
Depreciation on buildings is $6.240 per year.
5.
During the month, the company satisfied obligations worth $ 4.888 related to the Unearned Service Revenue account
6.
Unpaid and unrecorded maintenance and repairs costs were $ 2.392.
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