BE3-11 Duncan Company records all prepayments in income statement accounts. At April 30, the trial balance shows

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BE3-11 Duncan Company records all prepayments in income statement accounts. At April 30, the trial balance shows Supplies Expense $2,800, Service Revenue $9,200, and zero balances in related balance sheet accounts. Prepare the adjusting entries at April 30 assuming

(a) $1,000 of supplies on hand and

(b) $3,000 of service revenue should be reported as unearned.

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Financial Accounting

ISBN: 9780470128848

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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