Debit	Credit
	Cash	$15,200
	Supplies	2,500
	Prepaid Insurance	600
	Equipment	5,000
	Notes Payable		$ 5,000
	Accounts Payable		2,500
	Unearned Service Revenue		1,200
	Common Stock		10,000
	Retained Earnings		0
	Dividends	500
	Service Revenue		10,000
	Salaries and Wages Expense	4,000
	Rent Expense	900
		$28,700	$28,700

1. Supplies on hand at October 31 total $500.
2. Expired insurance for the month is $100.
3. Depreciation for the month is $75.
4. As of October 31, services worth $800 related to the previously recorded unearned revenue had been performed.
5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $280.
6. Interest expense accrued at October 31 is $70.
7. Accrued salaries at October 31 are $1,400.

Question 1

The adjusting journal entry for will be:

DR Supplies Expense $2,000; CR Supplies $2,000

DR Supplies Expense $500; CR Supplies $500

DR Supplies $500; CR Supplies Expense $500

DR Supplies $2,000; CR Supplies Expense $2,000

Question 2

The ending balance for supplies at Oct 31st is:

Group of answer choices

$500

$2,500

$2,000

$3,000

Question 3

The dollar amount for the insurance adjusting entry is:

Group of answer choices

$100

$500

$600

$0

Question 4

Prepaid Insurance is what type of account?

Group of answer choices

An asset

An expense

A liability

A revenue

Question 5

The depreciation adjustment includes a:

Group of answer choices

CR Accumulated Depreciation

CR Depreciation Expense

DR Accumulated Depreciation

DR Cash

Question 6

The adjusting journal entry for Item 4 (Unearned Service Revenue) is:

DR Unearned Service Revenue, CR Service Revenue

DR Service Revenue, CR Unearned Service Revenue

DR Accounts Receivable; CR Service Revenue

DR Revenue, CR Accounts Receivable

Question 7

The ending balance in Unearned Service Revenue, after the adjustment, is:

Group of answer choices

$400

$1,200

$2,000

$0

Question 8

For the $280 of services performed but unbilled:

Group of answer choices

CR Revenue

DR Cash

CR Unearned Service Revenue

DR Revenue

Question 9

The journal entry for $70 interest expense (item 6) includes a:

Group of answer choices

Dr Interest Expense

Dr Cash

Dr Interest Payable

CR Interest Revenue

Question 10

The journal entry to record Accrued Salaries is:

DR Salaries Expense; CR Salaries Payable

DR Salaries Payable; CR Salaries Expense

DR Salaries Expense; CR Cash

DR Cash; CR Salaries Payable