Selected accounts of Leno Company are shown below.

InstructionsFrom an analysis of the T-accounts, reconstruct

(a) The October transaction entries,

(b) The adjusting journal entries that were made on October 31, 2012. Prepare explanations for each journalentry.

Transcribed Image Text:

Supplies Accounts Receivable Beg. Bal. 800 10/31 470 10/17 2,100 1,650 10/31 Salarles and Wages Expense Salarles and Wages Payable 800 10/15 10/31 600 10/31 600 Supplies Expense Unearned Service Revenue 400 10/20 10/31 650 10/31 470 Service Revenue 10/17 2,100 1,650 400 10/31 10/31