Selected accounts of Nash Company are as follows. Supplies Beg. Bal. 10/15 866 10/31 Salaries and Wages Expense 774 486 10/31 610 Unearned Service Revenue 10/31 429 10/20 650 Service Revenue 10/17 2,059 10/31 1,786 10/31 429 10/17 10/31 10/31 Accounts Receivable 2,059 1,786 Salaries and Wages Payable 10/31 Supplies Expense 486 610 Date Account Titles and Explanation Debit 10/15 Salaries and Wages Expense Cash 10/17 ▼ Accounts Receivable Service Revenue 10/20 Cash Unearned Service Revenue 774 2059 650 Credit 774 2059 650

Selected accounts of Nash Company are as follows. Supplies Beg. Bal. 10/15 866 10/31 Salaries and Wages Expense 774 486 10/31 610 Unearned Service Revenue 10/31 429 10/20 650 Service Revenue 10/17 2,059 10/31 1,786 10/31 429 10/17 10/31 10/31 Accounts Receivable 2,059 1,786 Salaries and Wages Payable 10/31 Supplies Expense 486 610 Date Account Titles and Explanation Debit 10/15 Salaries and Wages Expense Cash 10/17 ▼ Accounts Receivable Service Revenue 10/20 Cash Unearned Service Revenue 774 2059 650 Credit 774 2059 650

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 4RE: Refer to RE6-3. Assume Long records accounts receivable and sales using the net price method....

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Refer to RE6-3. Assume Long records accounts receivable and sales using the net price method. Prepare the related journal entries for Long.
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