Question
adjustment data a. accrued salaries 700 , B. depreciation was recorded on the truck using the straight-line method.assume a useful life of 5 years and
adjustment data a. accrued salaries 700 , B. depreciation was recorded on the truck using the straight-line method.assume a useful life of 5 years and a salvage value of 5000
c. prepaid insurance for the month has expired
d office supplies on hand 200
e unearned revenue earned during the month 500
f accrued service revenue 450
answers: salaries expense dr 700 salaries payable cr 700
b. depreciation ex dr 250 accumulated dep cr 250
c. insurance expense dr 100 , prepaid insurance cr 100
d. supply ex dr 100 office supply cr 100
e. unearned rev dr 500 service rev cr 500
f acct rec dr450 service rev cr 450
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