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Chapter 4: Homework 10 The following accounts are used by Bridgid's Mittens, Inc. Soints eBook Accounts Cash Office Supplies Accounts Receivable Office Equipment Accumulated Depreciation

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Chapter 4: Homework 10 The following accounts are used by Bridgid's Mittens, Inc. Soints eBook Accounts Cash Office Supplies Accounts Receivable Office Equipment Accumulated Depreciation Notes Payable Wages Payable Interest Payable Unearned Service Revenue Common Stock and Additional Paid-in Capital Retained Earnings Service Revenue Interest Revenue Wage Expense Depreciation Expense Interest Expense Supplies Expense None of the above References Required: For each of the following nine independent situations, give the journal entry by selecting the appropriate acco enter the amount(s). The first transaction is used as an example. Depreciation Expense Interest Expense Supplies Expense None of the above Required: For each of the following nine independent situations, give the journal entry by selecting the appropriate account descriptions and enter the amount(s). The first transaction is used as an example. Debit Independent Situatio Account Credit Account 460 Wages Payable Wage Expense a. Accrued wages, unrecorded and unpaid at year-end, $460 b. Service revenue earned but not yet collected at year-end, 5660 c. Dividends declared and paid during the year, 1960 Office supplies on hand during the year, $400, Supplies on hand at year-end, $220 o. Service revenue collected in advance and not yet earned, 5860 Depreciation expense for the year, $1,000 9. At year and interest on note payable not yet recorded or paid $280 Balance at year-end in Service Revenue account 562.000 Give the closing entry at year-end Balance at year end in Interest Expense account $520. Give the closing entry at year-end Interest Expense

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