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Please help with the question and show how it was done. Date Account Titles and Explanation Debit Credit 210 Prepaid Advertising 2. 31 Rent Expense
Please help with the question and show how it was done.
Date Account Titles and Explanation Debit Credit 210 Prepaid Advertising 2. 31 Rent Expense 370 Prepaid Rent 370 3. 31 Salaries Expense 1410 Salaries Payable 4. 31 Depreciation Expense 186 Accumulated Depreciation- Equipment 5. 31 Supplies Expense 780 6. 31 Deferred Revenue Service Revenue 7. 31 Interest Receivable 21 Interest Income 21 8. 31 Income Tax Expense 300 Income Tax Payable Post the August adjustingjournal entries and calculate and enter end balances. (Post entries in the order of journal entries presented in the previous part. If the ending balance is O select Bal for the date and enter O for the normal balance for that account.) Interest Receivable Aug. 1 Bal. 21 Equipment \begin{tabular}{lr|r} \hline Aug. 1 Bal. & 10,200 & \\ \hline Aug. 15 & 1,810 & \\ \hline Aug. 31 Bal. & 12,010 & \\ \hline & Accumulated Depreciation - Equipment \\ \hline & Aug.1 Bal. & \\ \hline \end{tabular} Accounts Payable \begin{tabular}{l|lr} \hline Aug.17 1,810 & Aug. 1 Bal. & 2,440 \\ & Aug. 15 & 1,810 \\ & Aug. 22 & 790 \\ \hline & Aug. 31 Bal. & 3,230 \end{tabular} Salaries Payable Income Tax Payable Deferred Revenue Common Shares \begin{tabular}{l|lr} & Aug. 1 Bal. & 12,200 \\ \hline & Aug. 31 Bal. & 12,200 \\ \multicolumn{1}{r|}{ Retained Earnings } & & \\ & Aug. 1 Bal. & 6,021 \\ \hline & Aug. 31 Bal. & 6,021 \end{tabular} Dividend Declared \begin{tabular}{lr|r} Aug. 31 & 460 & \\ \hline Aug. 31 Bal. & 460 & \end{tabular} Service Revenue Aug. 13 3,460 Aug. 27 4,660 Interest Income Salaries Expense Aug. 10 1,690 Aug. 24 2,640 Rent Expense Supplies Expense Depreciation Expense Income Tax Expense Advertising Expense
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