Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

justed Trial Balance 3. Paunch Burger's deep fryer broke down on September 19. On the same day, the restaurant's manager hired George's Maintenance and Repairs

justed Trial Balance 3. Paunch Burger's deep fryer broke down on September 19. On the same day, the restaurant's manager hired George's Maintenance and Repairs s to fix the broken equipment. Paunch Burger agrees to pay George $250 for the repair job and will pay next month. What is the journal entry should George record on Inventory 100,000 September 19? Accumulated Depreciation 2,000 accounts PDr. Accounts Receivable $49,000 250 Accrued Expenses Unearned Incom Cr. Service Revenue 250 Long-term Liabilities Common Stock Dividends Revenues Cost of Goods So Cr. Cash Depreciation Expense 1,000 Dr. Service Revenue 10,200 2,000 Rent Expense 500 Supplies Expense 500 Cutilities ExDr. Service Revenue 400) Totals d. Wages Expense Interest Expense Cr. Accounts Receivable $ 189,750 Dr. Repairs Expense 250 450 1,000 99,500 10,000 Cr. Accounts Payable 27,800 250 250 $ (189,750) 250 250 250
image text in transcribed
3. Paunch Burger's deep fryer broke down on September 19. On the same day, the restaurant's manager hired George's Maintenance and Repairs to fix the broken equipment. Paunch Burger agrees to pay George $250 for the repair job and will pay next month. What is the journal entry should George record on

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Intermediate Accounting Volume 2

Authors: Thomas Beechy, Joan Conrod, Elizabeth Farrell, Ingrid McLeod-Dick

7th Edition

1259108023, 9781259108020

More Books

Students also viewed these Accounting questions

Question

2.7 Identify how privacy legislation impacts employees.

Answered: 1 week ago