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What is supposed to be credited in utilities expense

What is supposed to be credited in utilities expense

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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What is supposed to be credited in utilities expense?
NWP Assessment Player UI Ap x G A utility bill for $270 has not b x Chapter 4 Homework: lyric Fa x G american association of peop x viley.com/was/ui/v2/assessment-player/index.html?launchld=ff3b0aa9-1c06-4d5f-af44-0013581cf132#/question/9 e Google Kep O Dashboard e Welcome - Liferay S MLA Citation Gener. ACC201-01 Music 101-06 Tube A Desmos Goldlink ork 9.11 /35 puestion 10 of 10 Prepare the adjusting entries for the month of June. (IT no entry is requirea, select "No Entry"for the account trties and enteroforthe amounts. Credlt account titles are automatically Indented when the amount Is entered. Do not Indent manually.) No. Account Titles and Explanation Debit Credit 1. Supplies Expense 1277 Supplies 1277 Utilities Expense 270 Accounts Payable 270 3. Insurance Expense 270 Prepaid Insurance 270 4. Unearned Service Revenue 4170
Transcribed Image Text:NWP Assessment Player UI Ap x G A utility bill for $270 has not b x Chapter 4 Homework: lyric Fa x G american association of peop x viley.com/was/ui/v2/assessment-player/index.html?launchld=ff3b0aa9-1c06-4d5f-af44-0013581cf132#/question/9 e Google Kep O Dashboard e Welcome - Liferay S MLA Citation Gener. ACC201-01 Music 101-06 Tube A Desmos Goldlink ork 9.11 /35 puestion 10 of 10 Prepare the adjusting entries for the month of June. (IT no entry is requirea, select "No Entry"for the account trties and enteroforthe amounts. Credlt account titles are automatically Indented when the amount Is entered. Do not Indent manually.) No. Account Titles and Explanation Debit Credit 1. Supplies Expense 1277 Supplies 1277 Utilities Expense 270 Accounts Payable 270 3. Insurance Expense 270 Prepaid Insurance 270 4. Unearned Service Revenue 4170
gle Sheets G american association of peop x w Chapter 4 Homework: lyric Fai x NWP Assessment Player UI Ap x G A utility bilI for $270 has not b x a education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=ff3b0aa9-1c06-4d5f-af44-0013581cf132#/question/9 WSU O YouTube Desmos Goldlink e Google Keep O Dashboard le Welcome- Liferay * MLA Citation Gener. ACC201-01 Music 101-06 er 4 Homework Question 10 of 10 9.11 / 35 > In addition to those accounts listed on the trial balance, the chart of accounts for Kumar also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. Supplies on hand at June 30 total $720. 2. A utility bill for $270 has not been recorded and will not be paid until next month. 3. The insurance policy is for a year. 4. Services were performed for $4,170 of unearned service revenue by the end of the month. 5. Salaries of $1.460 are accrued at June 3O. 6. The equipment has a 5-year life with no salvage value and is being depreciated at $250 per month for 60 months. 7. Invoices representing $4,110 of services performed during the month have not been recorded as of June 30. Cip
Transcribed Image Text:gle Sheets G american association of peop x w Chapter 4 Homework: lyric Fai x NWP Assessment Player UI Ap x G A utility bilI for $270 has not b x a education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=ff3b0aa9-1c06-4d5f-af44-0013581cf132#/question/9 WSU O YouTube Desmos Goldlink e Google Keep O Dashboard le Welcome- Liferay * MLA Citation Gener. ACC201-01 Music 101-06 er 4 Homework Question 10 of 10 9.11 / 35 > In addition to those accounts listed on the trial balance, the chart of accounts for Kumar also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. Supplies on hand at June 30 total $720. 2. A utility bill for $270 has not been recorded and will not be paid until next month. 3. The insurance policy is for a year. 4. Services were performed for $4,170 of unearned service revenue by the end of the month. 5. Salaries of $1.460 are accrued at June 3O. 6. The equipment has a 5-year life with no salvage value and is being depreciated at $250 per month for 60 months. 7. Invoices representing $4,110 of services performed during the month have not been recorded as of June 30. Cip
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