(a) Unrecorded depreciation on equipment is $432 (b) The supplies account has a balance of $2,322 Supplies still available at the end of the period total $660 (c) On the date for preparing financial statements, an estimated utilities expense of $258 has been incurred, but no utility bill has yet been received or paid (d) On the first day of the current period, rent for four periods was paid and recorded as a $1,920 increase to prepaid rent and a $1,920 decrease to cash (e) Nine months ago, a one year service policy was sold to a customer and the seller recorded the cash received by crediting unearned revenue for $1,123 No accounting adjustments have been prepared during the nine month period The seller is now preparing annual financial statements (f) At the end of the period, employee wages of $579 have been incurred but not paid or recorded (g) At the end of the period, $180 of interest has been earned but not yet received or recorded Prepare journal entries for each accounting adjustment Note Round your answers to the nearest whole dollar Account Debit Credit a AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer To record depreciation for the period b AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer To record supplies expense for the period c AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer To record accrued utilities expense d AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer To record rent expense for the month e AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer To record premium revenue earned f AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer To accrue wages at the end of the period g AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer To accrue interest earned but not yet received

Question

(a) Unrecorded depreciation on equipment is $432  (b) The supplies account has a balance of $2,322  Supplies still available at the end of the period total $660  (c) On the date for preparing financial statements, an estimated utilities expense of $258 has been incurred, but no utility bill has yet been received or paid  (d) On the first day of the current period, rent for four periods was paid and recorded as a $1,920 increase to prepaid rent and a $1,920 decrease to cash  (e) Nine months ago, a one year service policy was sold to a customer and the seller recorded the cash received by crediting unearned revenue for $1,123  No accounting adjustments have been prepared during the nine month period  The seller is now preparing annual financial statements  (f) At the end of the period, employee wages of $579 have been incurred but not paid or recorded  (g) At the end of the period, $180 of interest has been earned but not yet received or recorded  Prepare journal entries for each accounting adjustment  Note  Round your answers to the nearest whole dollar  Account Debit Credit a  AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer To record depreciation for the period b  AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer To record supplies expense for the period c  AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer To record accrued utilities expense  d  AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer To record rent expense for the month e  AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer To record premium revenue earned f  AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer To accrue wages at the end of the period g  AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN A Answer Answer To accrue interest earned but not yet received

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Question

(a) Unrecorded depreciation on equipment is $432. (b) The supplies account has a balance of $2,322. Supplies still available at the end of the period

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	Account	Debit	Credit
a.	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN/A	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN/A	Answer	Answer
	To record depreciation for the period
b.	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN/A	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN/A	Answer	Answer
	To record supplies expense for the period
c.	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN/A	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN/A	Answer	Answer
	To record accrued utilities expense.
d.	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN/A	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN/A	Answer	Answer
	To record rent expense for the month
e.	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN/A	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN/A	Answer	Answer
	To record premium revenue earned
f.	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN/A	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN/A	Answer	Answer
	To accrue wages at the end of the period
g.	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN/A	Answer	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseEquipmentInsurance ExpenseInterest IncomeInterest ReceivablePrepaid InsurancePrepaid InterestPrepaid RentRent ExpenseRevenueService Fees EarnedSuppliesSupplies ExpenseUnearned RevenueUtilities ExpenseUtilities PayableWages ExpenseWages PayableN/A	Answer	Answer
	To accrue interest earned but not yet received