% P4A-39B (no worksheet) (similar to) s Question Help On December 1, Gary Washington began an auto repair shop, Washington's Quality Automotive. The following transactions occurred during December: (Click the icon to view the transactions.) The business uses the following accounts: (Click the icon to view the accounts.) Adjustment data: (Click the icon to view the adjustment data.) Read the requirements Review the journal entries you prepared above. Cash Service Revenue Accounts Payable 1,300 1,500|Dec. 10 Dec. 1 64,000 14,400 Dec. 1 Dec. 26 23,000 Dec. 31 Dec. 19 35,000 6,000| Dec. 1 Dec. 31 19,000 15,000 Dec. 9 200|Bal. 23,000 Bal. Dec. 31 1,400 800|Dec. 22 1,300 Dec. 26 Salaries Expense Utilities Payable 300 Dec. 28 3,600 Dec. 31 Dec. 31 3,000 3,000| Dec. 31 Bal. 75,300 300 Bal. Bal. 3,000 Accounts Receivable Interest Payable Rent Expense 600 Dec. 31 4,000 Dec. 31 Choose from any list or enter any number in the input fields and then click Check Answer. 17 parts Clear All remaining Check Answer Read the requirements Interest Payable Accounts Receivable Dec. 31 4,000 Rent Expense 600 Dec. 31 Bal. 4,000 ol Bal. Bal 600 Unearned Revenue Office Supplies 1,500 Utilities Expense 300 Dec. 10 1,400| Dec. 31 Dec. 28 Bal. 1,500 1,400|Bal. Bal. 300 Advertising Expense Prepaid Insurance 6,000 Notes Payable 35,000 Dec. 19 Dec. 1 Dec. 22 800 Dol annnlll 25 nol bol Dol 1 onnlll Choose from any list or enter any number in the input fields and then click Check Answer. Prepaid Insurance 6,000 Notes Payable 35,000 Dec. 19 Advertising Expense 800 Dec. 1 Dec. 22 Bal. 6,000 35,000 Bal. Bal. 800 Land Supplies Expense Washington, Capital 64,000 Dec. 1 Dec. 9 15,000 Bal. 15,000 64,000 Bal. Bal. 0 Equipment Insurance Expense Washington, Withdrawals Dec. 31 3,000 Dec. 1 14,400 Equipment Insurance Expense Washington, Withdrawals Dec. 31 3,000 Dec. 1 14,400 Bal. 14,400 Bal 3,000 Bal. 0 Accumulated Depr.-Equipment Interest Expense Depreciation Expense-Equipment 64,000 Bal. Bal. 0 i . More Info ithdrawals Dec. 1 Washington contributed $64,000 cash to the business in exchange for capital. 1 Purchased $14,400 of equipment paying cash. 1 Paid $6,000 for a ten-month insurance policy starting on December 1. 9 Paid $15,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $1,500. 19 Borrowed $35,000 from the bank for business use. Washington signed a note payable to the bank in the name of the business. The note is due in five years. 22 Paid $800 for advertising expenses. Paid $1,300 on account. 28 The business received a bill for utilities to be paid in January, $300. 31 Revenues earned during the month included $19,000 cash and $4,000 on account. 31 Paid employees' salaries $3,000 and building rent $600. Record as a compound entry. 31 The business received $1,400 for auto screening services to be performed next month. 31 Washington withdrew cash of $3,000. 26 then click Ched Print Done n's Quality Automotive. The following transactions The business uses the following accounts: (Click the icon to view the accounts.) Adjustment data: (Click the icon to view the adjustment da Read the requirements x i More Info Do Bal. Ball nwals a. Office Supplies used during the month, $1,100. b. Depreciation for the month, $240. c. One month insurance has expired. d. Accrued Interest Expense, $100. Ball Print Done 1
