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*Exercise 4-5 The adjustments columns of the worksheet for Becker Company are shown below. Adjustments L . V. , , "Fu: ., ' 1 Accounts Receivable 1,270 Prepaid Insurance 220 Accumulated Depreciation-Equipment 1,000 Salaries and Wages Payable 550 Service Revenue 1,270 Salaries and Wages Expense 550 Insurance Expense 220 Depreciation Expense 1,000 3,040 3,040 Prepare adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) accounts receiveable service revenue (To record service revenue on account) insurance expenses prepaid insurance (To record expired insurance) salaries and wages expenses salaries and wages payable (To record depreciation) (To record accrued salaries) Assuming the adjusted trial balance amount for each account is normal, indicate with an "X" the financial statement column to which each balance should be extended. r fi fi 4 Accounts Receivable Prepaid Insurance Accumulated Depreciation-Equipment Salaries and Wages Payable Service Revenue Salaries and Wages Expense Insurance Expense Depreciation Expense Question Attempts: 0 of 5 usedAll 18% 11236 PM *Pr0blem 4-5A (Part Level Submission) Anya Clark opened Anya's Cleaning Service on July 1, 2017. During July, the following transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 Purchased used truck for $8,900, paying 34,000 cash and the balance on account. 3 Purchased cleaning supplies for 32300 on account. 5 Paid $1,920 cash on 1-year insurance policy effective July 1. 12 Billed customers $4,500 for cleaning services. 18 Paid $1,500 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies. 20 Paid $2,500 cash for employee salaries. 21 Collected $3,300 cash from cuswmers billed on July 12. 25 Billed customers $5,900 for cleaning services. 31 Paid $360 for the monthly gasoline bill for the truck. 31 Withdrew $S,600 cash for personal use. *(81) Your answer is correct. Journalize the July transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order displayed in the problem.) mm m 0,000 l wner's caital I 0,000 (To record cash invested in business) Jim m Il ash I ME ccounts a able I ME (TO record truck purchased) mm mana am I ccounts a able I m m reaid insuranc .920 ' ash ,920 gm Jccounts receivabl I 500 ccounts a able ash J am J uIy ZORalaries and wages expense] I ma l ME I I am am I s/ s/ s/ ' 'I 'm s/ s/ s/ V 'm' ash 'm 'I s/ s/ s/ ccounts receivabl = II IEEE s/ J s/ s/ -m ccounts receivabl = 'm Il s/ II 'rmi s/ V s/ V 'M It; asoline ex ense IEKiJ I' s/ V s/ " ash Il IEEE (To record gasoline expense) am am I s/ s/ s/ ' ash II Im (To record drawings) Attempts: 2 of 5 used *(62) Your answer is correct. Post the July transactions. (Post entries in the order of journal entries posted above.) Attempts: 2 of 5 uSedWilliams; J V s/ 'uly 20 l' ,500 Attempts: 2 of 5 used *(b) and (C) Prepare a trial balance at July 31 on a worksheet. Enter the following adjustments on the worksheet and complete the worksheet. (1) Unbilled and uncollected revenue for services performed at July 31 were $2,600. (2) Depreciation on equipment for the month was $400. (3) One-twelfth of the insurance expired. (4) An inventory count shows $500 of cleaning supplies on hand at July 31. (5) Accrued but unpaid employee salaries were $1,010 ANYA'S CLEANING SERVICE Worksheet '1 '@ "All 19% E 11237 PM ,-.' 1--L E g Cash Accounts Receivable Supphes Prepaid Insurance Equipment Accounts Payable Owner's Capital Owner's Drawings Service Revenue Gasoline Expense Salaries and Wages Expense Totals Depreciation Expense Accum. Depr.-Equipment Insurance Expense Supplies Expense Salaries and Wages Payable Totals Net Income Totals l me fi fi. fi fi. fi fi fi 9 1 6020 6020 6020 7100 Attempts: 0 of 5 used Coi))'righti19'2ODU-20l7 by John Wiley & Sons, Inc or related companies, All rights reserved
