Question
Roy Services had completed all of its journal entries for the month of September 2019 and posted them to the general ledger. Based on the
Roy Services had completed all of its journal entries for the month of September 2019 and posted them to the general ledger. Based on the ledger balances, an unadjusted trial balance has been prepared. Roy Services Unadjusted Trial Balance September 30, 2019 Account Titles DR CR Cash $32,660 Accounts Receivable $9,750 Prepaid Insurance $2,280 Equipment $13,490 Accounts Payable $25,560 Unearned Revenue $4,590 Bank Loan $1,050 Roy, Capital $18,428 Service Revenue $25,870 Interest Expense $148 Rent Expense $1,270 Salaries Expense $7,450 Telephone Expense $230 Travel Expense $8,220 Total $75,498 $75,498 The following adjustments must be made at the end of September. Sep 30 The balance of prepaid insurance represents a 12-month policy. One month has been used. Sep 30 Depreciation of equipment for the month is $450. Sep 30 Roy Services has earned $1,170 that was previously unearned. Required Create the journal entries for the adjustments. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Date Account Title and Explanation Debit Credit 2019 Sep 30 Answer Answer Answer Answer Expensed one month of insurance Sep 30 Answer Answer Answer Answer Depreciate equipment Sep 30 Answer Answer Answer Answer Earned revenue Jump to... Skip Quiz navigation Quiz navigation [Vancouver CC 05/2022] OACP 1129 - Accounting for Non Accountant Grades Dashboard Calendar Private files My courses [Vancouver CC 05/2022] OACP 1129 - Accounting for Non Accountant
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