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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Related Book For
Financial Accounting
ISBN: 9780470128848
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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