Answered step by step
Verified Expert Solution
Question
1 Approved Answer
O Points: 0 of 2 The unadjusted trial balance and income statement amounts from the December 31 adjusted trial balance of Durkin Production Company follow
O Points: 0 of 2 The unadjusted trial balance and income statement amounts from the December 31 adjusted trial balance of Durkin Production Company follow E (Click the icon to view the adjusted trial balance and income statement from the worksheet.) Read the requirement Save Journalize the adjusting and closing entries of Durkin Production Company at December 31. There was only one adjustment to Service Revenue. (Record debits first, then credits. Exclude explanations from any journal entries) Begin with adjusting entries. First, adjust the Service Revenue account. Date Dec 31 Journal Entry Accounts Debit Credit tion list Ma 1 Account Joumal tion 1 Cash Prepaid rent Begin w Equipment on 2 Date Accounts payable The unad Data table IC Reb Durkin Production Company Unadjusted Trial Balance Adjustments Debit Credit Debit Credit 13,740 1,500 42,000 Accumulated depreciation-equipment 3,100 4,000 Adjusted Trial Balance Debit Credit On 3 Dec Salary payable Unearned service revenue 9,300 Income tax payable 4 Notes payable, long-term 11.000 Common stock 8.600 5 Retained earnings 15,740 Dividends 1,800 Service revenue 13,000 19,100 Salary expense 4,500 5,200 Rent expense 1,200 2,000 Print Done Save ue (Racord debts first, then credits. Exclude Te MUDUMINEN METRZUTIs from the December 31 adjusted trial balance of Durkin Production Company follow (Click the loon to view the adjusted trial balance and income statement from the worksheet.) Read the requirement Requirement Joumalize the adjusting and closing entries of Durkin Production Company at December 31. There was only one adjustment to Service Revenue. (Record debits first, the explanations from any journal entries) Begin with adjusting en - X Date Dec 31 Requirement 1. Journalize the adjusting and closing entries of Durkin Production Company at December 31. There was only one adjustment to Service Revenue. (Record debits first, then credits. Exclude explanations from any journal entries.) Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started