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Using the following information, record in a general journal the necessary adjusting entries on July 31 ook Partialy correct Question Marked out of 30.00 P
Using the following information, record in a general journal the necessary adjusting entries on July 31
ook Partialy correct Question Marked out of 30.00 P Rag question Adjusting Entries Judy Brock began Brock Refinishing Service on July 1. Selected accounts are shown below as of July 31, before any adjusting entries have been made: Debit Credit $5,796 Prepaid rent Prepaid advertising 729 Supplies 3,100 Unearned refinishing fees Refinishing fees revenue 700 2,600 Using the following information, record in a general journal the necessary adjusting entries on july 31: a. On July 1, the firm paid one year's rent of $5,796. b. On July 1, $729 was paid to a lacal newspaper for an advertisement to run daily for the months of July, August and September. c. Supplies of $1,210 were on hand july 31. d. At july 31, refinishing services of $900 have been performed but not yet billed to customers. The firm uses the account Fees Receivable to reflect amounts due but not billed. e. One customer paid $700 in advance for a refinishing project. At july 31, the project is one-half complete. Round your answers to the nearest dallar. Debit Credit Date Description eaom turn to course # My Subscriptions Mag Using the following information, record in a general journal the necessary adjusting entries on July 31: a. On July 1, the firm paid one year's rent of $5,796. b. On July 1, $729 was paid to a local newspaper for an advertisement to run daily for the months of july, August and September. c. Supplies of $1,210 were on hand July 31. d. At July 31, refinishing services of $900 have been performed but not yet billed to customers. The firm uses the account Fees Receivable to reflect amounts due but not billed. e. One customer paid $700 in advance for a refinishing project. At july 31, the project is one-half complete. Round your answers to the nearest dollar, Date Description Debit Credit a Jul.31 To record july rent expense. b. Jul.31 To record July advertising expense. c Jul.31 To record supplies expense for July. d. Jul.31 To record unbilled revenue earned in July e Jul.31 To record portion of advance fees earned in JulyStep by Step Solution
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