The ledger of Bramble Corp. on March 31, 2022, includes the following selected accounts before adjusting entries. Prepaid Insurance Supplies Equipment Unearned Service Revenue 1. 2. 3. Debit 4. $2,496 2,600 An analysis of the accounts shows the following. 31,200 Credit $9,360 Insurance expires at the rate of $312 per month. Supplies on hand total $1,144. The equipment depreciates at $520 per month. During March, services were performed for two-fifths of the unearned service revenue.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The ledger of Bramble Corp. on March 31, 2022, includes the following selected accounts before adjusting entries.
Prepaid Insurance
Supplies
Equipment
Unearned Service Revenue
1.
2.
3.
Debit
4.
$2,496
2,600
An analysis of the accounts shows the following.
31,200
Credit
$9,360
Insurance expires at the rate of $312 per month.
Supplies on hand total $1,144.
The equipment depreciates at $520 per month.
During March, services were performed for two-fifths of the unearned service revenue.
Transcribed Image Text:The ledger of Bramble Corp. on March 31, 2022, includes the following selected accounts before adjusting entries. Prepaid Insurance Supplies Equipment Unearned Service Revenue 1. 2. 3. Debit 4. $2,496 2,600 An analysis of the accounts shows the following. 31,200 Credit $9,360 Insurance expires at the rate of $312 per month. Supplies on hand total $1,144. The equipment depreciates at $520 per month. During March, services were performed for two-fifths of the unearned service revenue.
No. Date Account Titles and Explanation
1.
2.
3.
4.
Mar. 31
Mar. 31
Mar. 31
Mar. 31
Debit
Credit
Transcribed Image Text:No. Date Account Titles and Explanation 1. 2. 3. 4. Mar. 31 Mar. 31 Mar. 31 Mar. 31 Debit Credit
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