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Saved E4-12 (Algo) Recording Transactions Including Adjusting and Closing Entries (Nonquantitative) LO4-1, 4- The following accounts are used by Bridgid's Mittens, Inc Accounts Cash Office

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Saved E4-12 (Algo) Recording Transactions Including Adjusting and Closing Entries (Nonquantitative) LO4-1, 4- The following accounts are used by Bridgid's Mittens, Inc Accounts Cash Office Supplies Accounts Receivable Office Equipment Accumulated Depreciation Notes Payable Wages Payable Interest Payable Unearned Service Revenue Connon Stock and Additional Paldin Capital Retained Earnings Service Revenue Interest Revenue Wage Expense Depreciation Expense Interest Expense Supplies Expense None of the above Required: For each of the following nine independent situations, give the journal entry by selecting the appropriate account descriptions and enter the amount(s). The first transaction is used as an example. Debit Credit Amount Account 470 Wages Payable independent Situations Accrued wages, unrecorded and unpaid at year-end. $470. Account Wage Expense a 6707avg. 67597lge.A sav . 675179 ... Depreciation Expense Interest Expense Supplies Expense None of the above Required: For each of the following nine independent situations, give the journal entry by selecting the appropriate account descriptions and enter the amount(s). The first transaction is used as an example. Debit Independent Situations a Accrued wages, unrecorded and unpaid at year-end, $470. b. Service revenue eamed but not yet collected at year-end. $670 Account Wage Expense Credit Amount Account 470 Wages Payable Amount c. Dividends declared and paid during the year. $970. Office supplies on hand during the year, $470, supplies on hand at year-end, $230 Service revenue collected in advance and not yet earned, $870. Depreciation expense for the year, $1,070 At year-end, interest on note payable not yet recorded or paid $290 Balance at year-end in Service Revenue account. $63.000. Give the closing entry at year-end. Balance at year-end in Interest Expense account, $530. Give the closing entry at year-end 67c5c7gyle.jpg 67517e. der 6705397gyle.jpg

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