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iew Policies how Attempt History Current Attempt in Progress Cullumber Services Company records adjusting entries on an annual basis. The following information is available to
iew Policies how Attempt History Current Attempt in Progress Cullumber Services Company records adjusting entries on an annual basis. The following information is available to be used in recording adjusting entries for the year ended December 31, 2021 1 2 3. 4. 5 Prepaid insurance totalling $315 has expired. Supplies of $315 have been used. Annual depreciation on equipment is $1165 Services related to uneared revenue of $215 were performed. Salaries of $765 are unpaid. Utility expenses for 2021 of $215 are unrecorded and unpaid. Services provided but not collected in cash or recorded total 5965 Interest of 5140 on a note payable has accrued. 6. 7 8. Your answer is partially correct For each adjustment, prepare a basic analysis. a debit credit analysis. Use the following format, in which the stone has been done NO Basic Type Increase/Decrease Specific Account EX Insurance Expense Prepare the adjusting journal entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) No. Date Account Titles and Explanation Dehit Credit 1 Dec. 31 Dec. 31 3. Dec. 31 Dec 31 5 Dec 31 Dec 31 Dec 31 For each adjustment prepare a basic analysis, a debit credit analysis. Use the following format, in which the first one has been done: No Specific Account 1. Debit Credit Basic Type Expense Asset Increase/Decrease Increases Decreases Insurance Expense Prepaid Insurance 2. Debit Expense Increases Credit 3. Debit Credit Debit Credit 5. Debit Debit
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