(d) Your answer is partially correct. Journalize the following adjustments. (Credit account titles are automatically indented...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/66534f47a78a8_81566534f4735630.jpg)
Transcribed Image Text:
(d) Your answer is partially correct. Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) (1) Services performed but unbilled and uncollected at July 31 were $1,460. 255 (2) Depreciation on equipment for the month was $150. (3) (4) (5) Accrued but unpaid employee salaries were $340. One-twelfth of the insurance expired. A count shows $280 of cleaning supplies on hand at July 31. Date Account Titles and Explanation July 31 Accounts Receivable Service Revenue July 31 Depreciation Expense Accumulated Depreciation-Equipment July 31 Insurance Expense Prepaid Insurance July 31 V Supplies Expense Supplies July 31 V Salaries and Wages Expense Salaries and Wages Payable Debit 1460 150 340 Credit 1460 150 340 (d) Your answer is partially correct. Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) (1) Services performed but unbilled and uncollected at July 31 were $1,460. 255 (2) Depreciation on equipment for the month was $150. (3) (4) (5) Accrued but unpaid employee salaries were $340. One-twelfth of the insurance expired. A count shows $280 of cleaning supplies on hand at July 31. Date Account Titles and Explanation July 31 Accounts Receivable Service Revenue July 31 Depreciation Expense Accumulated Depreciation-Equipment July 31 Insurance Expense Prepaid Insurance July 31 V Supplies Expense Supplies July 31 V Salaries and Wages Expense Salaries and Wages Payable Debit 1460 150 340 Credit 1460 150 340
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
You are putting together a portfolio made up of four different stocks. However, you are considering two possible weightings: a. What is the beta on each portfolio? b. Which portfolio is riskier? c....
-
Name two advantages to buying a car over leasing a car.
-
What elements of the menu do you think have contributed to the restaurants overall success? Salt is New Jerseys first gastropub, which was opened by Bradley and Laurie Boyle in April of 2008. In case...
-
1. What is the public policy behind giving privilege to employer references? 2. Is it fair that Belanger has a permanent bad reference? Would you hire him? Swift operates a trucking company and hired...
-
these are a questions for confined space. (Audit template) 1. Is this in accordance to OSH standards? 2. Is training provided for each person newly assigned to a job? 3. Does initial training include...
-
Hello and good morning, Can you guys please help me with these couple questions? What are some examples of behavior controls? Output controls? Input controls? Is the evaluation and control process...
-
A tender evaluation method specifies 60% price and 40% quality. What is the weighted score of a tender that scored 80 points (out of 100) for price and 60 for quality?
-
A tender evaluation method specifies 30% price and 70% quality. What is the weighted score of a tender that scored 80 points (out of 100) for price and 60 for quality?
-
Main Street Cinema invited three firms to bid on its daily janitorial services contract, and then scored those tenders based on quality, reliability/risk, and price (using a 100-point scale in each...
-
Pick two of the industries listed in Exhibit 1, one on the high end of profitability and one on the low end. What are the boundaries of these industries? What are their market and geographic...
-
Assume the following information (figures are in thousands): a. Calculate the monthly budget and monthly cumulative budgets for the project. b. Draw a project S-curve representation of this project....
-
Item Quantity Unit Cost ($) Total Cost ($) Direct Materials (Product X) 2,200 units $45 Direct Materials (Product Y) 2,800 units $55 Direct Labor (Product X) 1,100 hours $65 Direct Labor (Product Y)...
-
What is enterprise resource planning?
-
Is it possible to have many break-even points and many alternative ways to achieve a target operating profit when a company has multiple products?
-
What is the difference between economic "profit" and accounting "net income" or "operating profit"?
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App