Answered step by step
Verified Expert Solution
Question
1 Approved Answer
this is only 1 question not two different questions. so please solve completely otherwise don't solve a. Equipment depreciation was $1,500. b. $700 of advertising
this is only 1 question not two different questions. so please solve completely otherwise don't solve
this is only 1 question not two different questions. so please solve completely otherwise don't solve
a. Equipment depreciation was $1,500. b. $700 of advertising expense was incurred but not paid. (Use Advertising Payable.) c. Office Supplies on hand at the end of the year totaled $250. The beginning balance of Office Supplies was $600. (Assume no office supplies were purchased during the period.) d. $1,200 of rent revenue was earned but not recorded or received. e. Unearned revenue of $3,000 has been earned. (1) (2) (3) (4) (5) accrualdeferralaccrualdeferralaccrualdeferralaccrualdeferralaccrualdeferral (6) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (7) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (8) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (9) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (10) To record depreciation on equipment. To record disposal of equipment. To record purchase of equipment. (11) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (12) AdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (13) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (14) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (15) Paid cash expenses. To accrue advertising expense. To record payment of accrued expense. (16) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (17) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (18) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (19) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (20) Cash paid for office supplies. To record office supplies purchased on account. To record office supplies used. (21) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (22) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (23) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (24) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (25) Collected cash for future services. To accrue rent revenue. To record rent revenue that was collected in advance. (26) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (27) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (28) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (29) AdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (30) 3. Startech Surveillance Services had the following adjustments as of the end of the year. 1 (Click the icon to view the adjustments.) 6. For each situation, indicate which category of adjustment (deferral or accrual) is described. 7. Journalize the adjusting entry needed. 6. For each situation, indicate which category of adjustment (deferral or accrual) is described. 7. Journalize the adjusting entry needed. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Equipment depreciation was $1,500. b. $700 of advertising expense was incurred but not paid. (Use Advertising Payable.) c. Office Supplies on hand at the end of the year totaled $250. The beginning balance of Office Supplies was $600. (Assume no office supplies were purchased during the period.) d. $1,200 of rent revenue was earned but not recorded or received. e. Unearned revenue of $3.000 has been earned. 1: More Info a. Equipment depreciation was $1,500. b. $700 of advertising expense was incurred but not paid. (Use Advertising Payable.) c. Office Supplies on hand at the end of the year totaled $250. The beginning balance of Office Supplies was $600. (Assume no office supplies were purchased during the period.) d. $1,200 of rent revenue was earned but not recorded or received. e. Unearned revenue of $3,000 has been earned. (1) (2) (3) (4) (5) (6) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (7) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue (8) AccountsReceivableAccumulatedDepreciation-EquipmentAdvertisingExpenseAdvertisingPayableCashDepreciationExpense-EquipmentEquipmentOfficeSuppliesRentRevenueServiceRevenueSuppliesExpense Unearned Revenue
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