Question
The unadjusted trial balance of Pharoah Exposure Inc. had these balances for the following select accounts: Supplies $ 3,300, Unearned Service Revenue $ 8,250, and
The unadjusted trial balance of Pharoah Exposure Inc. had these balances for the following select accounts: Supplies $ 3,300, Unearned Service Revenue $ 8,250, and Prepaid Rent $ 1,400. At the end of the period, 1. A count showed $ 560 of supplies on hand. 2. Services of $ 3,100 had been performed related to the unearned revenue account 3. One months worth of rent, worth $ 440, had been consumed by Pharoah Exposure. Record the required adjusting entries related to these events. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
1. | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
2. | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
3. | enter an account title | enter a debit amount | enter a debit amount |
enter an account title | enter a debit amount | enter a debit amount |
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