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Required: For each of the following nine independent situations, give the journal entry by selecting the appropriate code(s) from the drop-down menu and enter the
Required: For each of the following nine independent situations, give the journal entry by selecting the appropriate code(s) from the drop-down menu and enter the amount(s). The first transaction is used as an example. Debit Credit Independent Situations: a Accrued wages, unrecorded and unpaid at year-end, $500 Code N Amount Code Amount 500 G 500 b Service revenue earned but not yet collected at year-end, $700 700 700 0. Service revenue collected in advance and not yet earned, $900 c Dividends declared and paid during the year, $1,000 d. Office supplies on hand during the year, $500, supplies on hand at year-end, $180 f Depreciation expense for the year, $1,200) g At year end, interest on note payable not yet recorded or paid, $240. 1,000 1,000 320 320 900 900 1,200 1,200 240 240 h. Balance at year-end in Service Revenue account, $58,000. Give the closing entry at year-end 58,000 58,000 Balance at year-end in Interest Expense account, $480 Give the closing entry at year end 480 480
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