Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help me solve this Show Attempt History Current Attempt in Progress On August 1, 2025, the following were the account balances of Indigo Repair Services.

help me solve this
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Show Attempt History Current Attempt in Progress On August 1, 2025, the following were the account balances of Indigo Repair Services. During August, the following summary transactions were completed. Aug. 1 Paid $460 cash for advertising in local newspapers. Advertising flyers will be included with n during August and September. 3. Paid August rent $440. During August, the following summary transactions were completed. Aug. 1 Paid $460 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. 3 Paid August rent $440. 5 Received $1,390 cash from customers in payment of account. 10 Paid $3,620 for salaries due employees, of which $1,970 is for August and $1,650 is for July salaries payable. 12 Received $3,250 cash for services performed in August. 15 Purchased store equipment on account $2,320. 20 Paid creditors $2,320 of accounts payable due. 22 Purchased supplies on account $930. 25 Paid $3,360 cash for employees' salaries. 27 Billed customers $4.360 for services performed. 29 Recelved $900 from customers for services to be performed in the future. 1. A count shows supplies on hand of $1,110. 2. Accrued but unpaid employees'salaries are $1,790. 3. Depreciation on equipment for the month is $370. 4. Services were performed to satisfy $930 of unearned service revenue. 5. One month's worth of advertising services has been received. 6. One month of interest revenue related to the $4,600 note receivable has accrued. The 4 -month note has a 6% annual interest rate. Indigo s chart of accounts includes Prepaid Advertising, Interest Receivable, Service Revenue, Interest Revenue, Advertising Exp Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Experise. Enter the August 1 balances in the ledger accounts. Question 1 of 1 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings estion 1 of 1 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Show Attempt History Current Attempt in Progress On August 1, 2025, the following were the account balances of Indigo Repair Services. During August, the following summary transactions were completed. Aug. 1 Paid $460 cash for advertising in local newspapers. Advertising flyers will be included with n during August and September. 3. Paid August rent $440. During August, the following summary transactions were completed. Aug. 1 Paid $460 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. 3 Paid August rent $440. 5 Received $1,390 cash from customers in payment of account. 10 Paid $3,620 for salaries due employees, of which $1,970 is for August and $1,650 is for July salaries payable. 12 Received $3,250 cash for services performed in August. 15 Purchased store equipment on account $2,320. 20 Paid creditors $2,320 of accounts payable due. 22 Purchased supplies on account $930. 25 Paid $3,360 cash for employees' salaries. 27 Billed customers $4.360 for services performed. 29 Recelved $900 from customers for services to be performed in the future. 1. A count shows supplies on hand of $1,110. 2. Accrued but unpaid employees'salaries are $1,790. 3. Depreciation on equipment for the month is $370. 4. Services were performed to satisfy $930 of unearned service revenue. 5. One month's worth of advertising services has been received. 6. One month of interest revenue related to the $4,600 note receivable has accrued. The 4 -month note has a 6% annual interest rate. Indigo s chart of accounts includes Prepaid Advertising, Interest Receivable, Service Revenue, Interest Revenue, Advertising Exp Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Experise. Enter the August 1 balances in the ledger accounts. Question 1 of 1 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings estion 1 of 1 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Determine miller indices of plane A Z a/2 X a/2 a/2 Y

Answered: 1 week ago