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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.

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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I need help with number 4, I dint know why it was marked wrong.
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: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
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.
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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