Question
The ledger ofCheyenne Corp.on March 31, 2022, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance2,736Supplies2,850Equipment34,200Unearned Service Revenue10,260 An analysis of the
The ledger ofCheyenne Corp.on March 31, 2022, includes the following selected accounts before adjusting entries.
Debit
Credit
Prepaid Insurance2,736Supplies2,850Equipment34,200Unearned Service Revenue10,260
An analysis of the accounts shows the following.
1.Insurance expires at the rate of $342per month.2.Supplies on hand total $1,254.3.The equipment depreciates at $570per month.4.During March, services were performed for two-fifths of the unearned service revenue.
Prepare the adjusting entries for the month of March.(Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
No.
Date
Account Titles and Explanation
Debit
Credit
1.Mar. 31Enter an account title for the adjusting entry on March 31
Enter a debit amount
Enter a credit amount
Enter an account title for the adjusting entry on March 31
Enter a debit amount
Enter a credit amount
2.Mar. 31Enter an account title for the adjusting entry on March 31
Enter a debit amount
Enter a credit amount
Enter an account title for the adjusting entry on March 31
Enter a debit amount
Enter a credit amount
3.Mar. 31Enter an account title for the adjusting entry on March 31
Enter a debit amount
Enter a credit amount
Enter an account title for the adjusting entry on March 31
Enter a debit amount
Enter a credit amount
4.Mar. 31Enter an account title for the adjusting entry on March 31
Enter a debit amount
Enter a credit amount
Enter an account title for the adjusting entry on March 31
Enter a debit amount
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