Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started