Journalize the following adjustments. (Credit account titles are outomatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, es, 1,527J 1. Services performed for customers through February 27,2025 , but unbilled and uncollected were $4,680. 2. Received notice that a customer who was billed $250 for services performed February 10 has filed for bankruptcy Marin Cleaning Services does not expect to collect any portion of this outstanding receivable. 3. Marin Cleaning Services uses the allowance method to estimate bad debts. Marin Cleaning Services estimates that 3% of its month-end recelvables will not be collected. 4. Record 1 month of depreciation for the floor equipment. Use the straight-line method, anestimated life of 4 years, and $460 salvage value. 5. Record 1 month of insurance expense. 6. An inventory count shows $500 of supplies on hand at February 28 7. One week of services were performed for the customer who paid in advance on Fobruary 17. 8. Accrue for wages owed through February 28. 2025. 9. Accrue for interest expense for 1 month 10. Karen estimates a 20x income tax rate. (Hint Prepare an income statement up to "income before taxes" to helo with the income tax calculation:) 6. 7. 8. 9. 10. No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Journalize the following adjustments. (Credit occount titles are outomatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts, Record journal entries in the order presented in the problem. Round answers to 0 decimal ploces, es. 1,527.) 1. Services performed for customers through February 27, 2025, but unbilled and uncollected were $4,680. 2. Received notice that a customer who was billed $250 for services performed February 10 has filed for bankruptcy. Marin Cleaning Services does not expect to collect any portion of this outstanding receivable. 3. Marin Cleaning Services uses the allowance method to estimate bad debts. Marin Cleaning Services estimates that 3% of its month-end receivables will not be collected. 4. Record 1 month of depreciation for the floor equipment. Use the straight-line method, an estimated fife of 4 years, and $460 salvage value. 5. Record 1 month of insurance expense. 6. An irventory count shows $500 of supplies on hand at February 28. 7. One week of services were performed for the customer who paid in advance on February 17. 8. Accrue for wages owed through February 28,2025. 9. Accrue for interest expense for 1 month. 10. Karen estimates a 20% income tax rate. (Hint Prepare an income statement up to "income before taxes" to help with the income tax calculation.)
