Exercise 4-09 Your answer is partially correct. Try again. The ledger of Sheridan Company on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Credit Debit $9,000 10,800 75,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $25,200 60,000 37,200 180,000 0 42,000 An analysis of the accounts shows the following. 1. The equipment depreciates $840 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $1,200 is accrued on the notes payable. 4. Supplies on hand total $2,550. 5. Insurance expires at the rate of $1,200 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (If no entry is required, select "No Entry" for the accoun account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit No. Date Account Titles and Explanation Debit Credit 1. Mar. 31 Depreciation Expense 25200 Accumulated Depreciation Equipment 25200 2. Mar. 31 Unearned Rent Revenue 18600 DEPEPE PERO 3- Rent Revenue 18600 3- 3. Mar. 31 Interest Expense 1200 MOHINOMORI 3- Interest Payable 1200 1- 4. Mar. 31 Supplies Expense 6450 Supplies 6450 5. Mar. 31 Insurance Expense 10800 Prepaid Insurance 10800 Click if you would like to Show Work for this question: Qen Show. Work gnment Exercise 4-14 Selected accounts of Crane Company are shown here. July 31 July 15 July 31 Supplies Expense 700 Salaries and Wages Expense 1,200 1,200 Service Revenue July 14 July 31 July 31 Supplies 1,010 July 31 4,110 1,000 250 700 July 1 Bal. July 10 150 1,200 July 31 Salaries and Wages Payable July 31 Accounts Receivable 250 Unearned Service Revenue 1,000 July 1 Bal. July 20 July 31 1,510 600 After analyzing the accounts, journalize the July transactions. (Hint: After analyzing the accounts, journalize the July transactions. (Hint: July transactions were for cash.) (Record journal entries Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the Date Account Titles and Explanation Debit Credit Study LINK TO TEXT After analyzing the accounts, journalize the adjusting entries that were made on July 31. (If no entry is required, se titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation July 31 (To record supplies expense) July 31 (To record revenue for services performed) July 31 (To record salaries and wages expense) July 31 (To record unearned service revenue earned) Click if you would like to Show Work for this question: Open Show Work I TNK TO TEXT all ninhtr Doranted A Division of John Wiley & Sons, Inc. Exercise 4-09 Your answer is partially correct. Try again. The ledger of Sheridan Company on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Credit Debit $9,000 10,800 75,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $25,200 60,000 37,200 180,000 0 42,000 An analysis of the accounts shows the following. 1. The equipment depreciates $840 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $1,200 is accrued on the notes payable. 4. Supplies on hand total $2,550. 5. Insurance expires at the rate of $1,200 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (If no entry is required, select "No Entry" for the accoun account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit No. Date Account Titles and Explanation Debit Credit 1. Mar. 31 Depreciation Expense 25200 Accumulated Depreciation Equipment 25200 2. Mar. 31 Unearned Rent Revenue 18600 DEPEPE PERO 3- Rent Revenue 18600 3- 3. Mar. 31 Interest Expense 1200 MOHINOMORI 3- Interest Payable 1200 1- 4. Mar. 31 Supplies Expense 6450 Supplies 6450 5. Mar. 31 Insurance Expense 10800 Prepaid Insurance 10800 Click if you would like to Show Work for this question: Qen Show. Work gnment Exercise 4-14 Selected accounts of Crane Company are shown here. July 31 July 15 July 31 Supplies Expense 700 Salaries and Wages Expense 1,200 1,200 Service Revenue July 14 July 31 July 31 Supplies 1,010 July 31 4,110 1,000 250 700 July 1 Bal. July 10 150 1,200 July 31 Salaries and Wages Payable July 31 Accounts Receivable 250 Unearned Service Revenue 1,000 July 1 Bal. July 20 July 31 1,510 600 After analyzing the accounts, journalize the July transactions. (Hint: After analyzing the accounts, journalize the July transactions. (Hint: July transactions were for cash.) (Record journal entries Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the Date Account Titles and Explanation Debit Credit Study LINK TO TEXT After analyzing the accounts, journalize the adjusting entries that were made on July 31. (If no entry is required, se titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation July 31 (To record supplies expense) July 31 (To record revenue for services performed) July 31 (To record salaries and wages expense) July 31 (To record unearned service revenue earned) Click if you would like to Show Work for this question: Open Show Work I TNK TO TEXT all ninhtr Doranted A Division of John Wiley & Sons, Inc