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Codes A The following accounts are used by Mouse Potato, Inc., a computer game maker. Accounts Accounts Receivable Accounts Interest Revenue Codes I B
Codes A The following accounts are used by Mouse Potato, Inc., a computer game maker. Accounts Accounts Receivable Accounts Interest Revenue Codes I B Accumulated Depreciation J Notes Payable (long-term) C Cash K Retained Earnings D Deferred Revenue L Salaries and Wages Expense E Depreciation Expense M Salaries and Wages Payable F Equipment N Service Revenue i G Interest Expense 0 Supplies H Interest Payable P Supplies Expense Required: For each of the following independent situations, give the journal entry by selecting/entering the appropriate code(s) and amount(s). We've done the first one for you as an example. Independent Situations a. Accrued wages, unrecorded and unpaid at year-end, $310. b. Service revenue collected in advance, $510. c. At year-end, interest on notes payable not yet recorded or paid, $130. d. Depreciation expense for year, $550. e. Service revenue earned but not yet collected at year-end, $550. f. Balance in Supplies account, $310; supplies on hand at year-end, $105. g Adjusted balance at year-end in Service Revenue account, $66,000. Give the journal entry to close this one account at year-end. Debit Credit L Code Amount Code $ 310 M Amount $ 310
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