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Selected accounts from the Unadjusted Trial Balance of Computer Maintenance Services, which is owned by Amanda, are shown below as at 30 June 2020. Prepaid
Selected accounts from the Unadjusted Trial Balance of Computer Maintenance Services, which is owned by Amanda, are shown below as at 30 June 2020. Prepaid Insurance 18,000 Supplies 1,080 Furniture 48,000 Unearned Service Revenue 9,600 Salaries Expense 32,600 Service Revenue 13,200 Additional information: a) Prepaid insurance represents premiums for 1 year paid on 1 April. b) Supplies of $960 were on hand at 30 June. c) Amanda collected deposits for computer maintenance on 1 April from a few customers. By the end of the year, half of the computer unearned revenue has been earned d) Accrued salaries not recorded as at 30 June are $7,800. e) The furniture was purchased on 1 February and is expected to last for 10 years. There is no expected residual value. The business uses the straight line depreciation method. f) Interest on mortgage of $5,800 is unrecorded and unpaid. Required: Record the necessary adjusting entries on 30 June. You must include a narration for each transaction. If you accidentally delete the answer template, you may undo the deletion using "Ctrl + Z" (for Windows) or "Command + Z" (for Mac). If that does not work, please click on this link Answer Template. You may copy and paste the answer template to the answer box. 7 i- B . SS Date Accounts Debit Credit
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