Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A review of Z-Computers' job worksheets show that there are unbilled revenues in the amount of $9,630.00 for computers that cost $4,815.00, record the cost

A review of Z-Computers' job worksheets show that there are unbilled revenues in the amount of $9,630.00 for computers that cost $4,815.00, record the cost of the computers on account.
A review of Z-Computers' job worksheets show that there are unbilled revenues in the amount of $9,630.00 for computers that cost $4,815.00, record the Sales Revenue from the computers.
A review of Z-Computers' job worksheets show that there are unbilled revenues in the amount of $9,630.00 for computers that cost $4,815.00, record the Cost of Goods Sold of the computers.

I need help journalizing these transactions--they are adjusting transactions for previous mistakes, but all information needed for each question is here. Please format them as if in a general journal! Here are the possible accounts involved:

Name Normal Balance
Cash Debit
Accounts Receivable Debit
Allowance for Doubtful Accounts Credit
Prepaid Insurance Debit
Prepaid Rent Debit
Office Supplies Debit
Inventory Debit
Office Equipment Debit
Accum. Depr.-Office Equip. Credit
Computer Equipment Debit
Accum. Depr.-Computer Equip. Credit
Accounts Payable Credit
Unearned Revenue Credit
Interest Payable Credit
Salaries Payable Credit
Income Taxes Payable Credit
Notes Payable Credit
Bond Payable Credit
Premium on Bond Payable Credit
Capital Stock Credit
Paid in Capital in Excess of Par Credit
Retained Earnings Credit
Dividends Debit
Sales Revenue Credit
Rent Expense Debit
Salary Expense Debit
Advertising Expense Debit
Repairs & Maint. Expense Debit
Supplies Expense Debit
Interest Expense Debit
Insurance Expense Debit
Depreciation Expense Debit
Bad Debt Expense Debit
Telephone Expense Debit
Income Tax Expense Debit
Cost of Goods Sold Debit
Error Debit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

18th Edition

0077486277, 978-0077486273

More Books

Students also viewed these Accounting questions