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Please answer 6 and 7 since it is one question. If not, then you can answer just 7. Thank you! Swifty Surveillance Services had the
Please answer 6 and 7 since it is one question. If not, then you can answer just 7. Thank you!
Swifty Surveillance Services had the following adjustments as of the end of the year. A (Click the icon to view the adjustments.) More Info 6. For each situation, indicate which category of adjustment (deferral or accrual) is described. Journalize the adjusting entry needed. 7 a. 6. For each situation, indicate which category of adjustment (deferral or accrual) described Equipment depreciation was $1,100. b. $1,400 of advertising expense was incurred but not paid. (Use Advertising Payable.) c. Office Supplies on hand at the end of the year totaled $450. The beginning balance of Office Supplies was $700. (Assume no office supplies were purchased during the period.) d. $2,800 of rent revenue was earned but not recorded or received. Uneamed revenue of $4,200 has been earned. Adjustment Category of adjustment deferral a. e b. accrual C. deferral Print Done d. accrual e. deferral 7. Journalize the adjusting entry needed. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Equipment depreciation was $1,100. Date Accounts and Explanation Debit Credit (a) b. $1,400 of advertising expense was incurred but not paid. (Use Advertising Payable.) Date Accounts and Explanation Debit Credit (b) c. Office Supplies on hand at the end of the year totaled $450. The beginning balance of Office Supplies was $700. (Assume no office supplies were purchased during the period.) Date Accounts ar Explanation Debit Credit (c) d. $2,800 of rent revenue was earned but not recorded or received. Date Accounts and Explanation Debit Credit (d) e. Unearned revenue of $4,200 has been earned. Date ccounts and Explanation Debit Credit (e) vStep by Step Solution
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