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7) Boggle Co. started the month with $5,100 in unearned revenue. During the month, Company Y completed $1,500 of services related to the unearned
7) Boggle Co. started the month with $5,100 in unearned revenue. During the month, Company Y completed $1,500 of services related to the unearned revenue. What is the necessary adjusting entry? Debit 150 Credit yeve If this adjustment is NOT made, the following are overstated, understated, or not impacted: Assets: Liabilities: Revenue: Expense: Stockholders' Equity: 8) Blue Co. prepaid $1,200 for one year's worth of insurance on January 1st ($100/month). What is the necessary adjusting entry to record $100 worth of insurance which expired at the end of January. Debit Credit If this adjustment is NOT made, the following are overstated, understated, or not impacted: Assets: Liabilities: Revenue: Expense: Stockholders' Equity: 9) The depreciation on Smart Tech's office equipment is $250 per month. What is the necessary adjusting entry to record monthly depreciation? Debit Credit If this adjustment is NOT made, the following are overstated, understated, or not impacted: Assets: Liabilities: Revenue: Expense: Stockholders' Equity:
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