1 A Cash office supplies Accounts receivable D office equipment Accumulated depreciation Note payable Mages payable...
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1 A Cash office supplies Accounts receivable D office equipment Accumulated depreciation Note payable Mages payable The following accounts are used by Britt's Knits Inc. Code Accounta Code Account Contributed capital Service revenue Interest revenue Mage expense Depreciation expense Interest expense x Retained earnings N ebook Interest payable I Deferred service revenue B Supplies expense None of the above P ferences Required: For each of the following nine independent situations, give the journal entry by selecting the appropriate code(s) from the drop-down menu and enter the amount(s). The first transaction is used as an example Independent Situations a Accrued wages, unrecorded and unpaid at year-end, $550 b. Service revenue earned but not yet collected at year-end, $750. eDividends declared and paid during the year, $1,050 d. Office supplies on hand during the year, $550, supplies on hand at year-end. $190. Service revenue collected in advance and not yet eamed, $950, Depreciation expense for the year, $1,300 At year-end, interest on note payable not yet recorded or paid, $250. Balance at year-end in Service Revenue account, $59,000. Give the closing entry at year-end Balance at year end in interest Expense account, $490. Give the closing entry a year-and Debit Credit Code Amount Code Amount N 550 G 550 Help Save & Exit Submit Check my work 1 A Cash office supplies Accounts receivable D office equipment Accumulated depreciation Note payable Mages payable The following accounts are used by Britt's Knits Inc. Code Accounta Code Account Contributed capital Service revenue Interest revenue Mage expense Depreciation expense Interest expense x Retained earnings N ebook Interest payable I Deferred service revenue B Supplies expense None of the above P ferences Required: For each of the following nine independent situations, give the journal entry by selecting the appropriate code(s) from the drop-down menu and enter the amount(s). The first transaction is used as an example Independent Situations a Accrued wages, unrecorded and unpaid at year-end, $550 b. Service revenue earned but not yet collected at year-end, $750. eDividends declared and paid during the year, $1,050 d. Office supplies on hand during the year, $550, supplies on hand at year-end. $190. Service revenue collected in advance and not yet eamed, $950, Depreciation expense for the year, $1,300 At year-end, interest on note payable not yet recorded or paid, $250. Balance at year-end in Service Revenue account, $59,000. Give the closing entry at year-end Balance at year end in interest Expense account, $490. Give the closing entry a year-and Debit Credit Code Amount Code Amount N 550 G 550 Help Save & Exit Submit Check my work
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