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(6) PUI Edit te duuvenems, prepare the journal entry 10 FELIU 2015. Assume all payments...

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Accounting

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(6) PUI Edit te duuvenems, prepare the journal entry 10 FELIU 2015. Assume all payments and receipts are made as indicated. E3-6 Nile Company had the following trial balance at June 30, 2014 (its year end): Credit Debit $ 5,840 850 1,100 9,360 Cash Accounts receivable Supplies Equipment Accumulated depreciation--equipment Unearned service revenue R. Nile, capital Totals $ 3,900 1,500 11,750 $17,150 $17,150 During the month of July, the following selected transactions took place: July 2 Paid $750 cash (in total) for rent for July, August, and September. 10 Purchased $200 of supplies for cash. 14 Collected the full balance of accounts receivable. 20 Received $700 cash from a customer for services to be provided in August. 25 Provided $1,300 of services for a customer and immediately collected cash. ER 3 ADJUSTING THE ACCOUNTS Additional information: rvices for a client that it had not billed 1. At July 31 the At July 31, the company had provided $800 of services recorded. 2. Supplies on hand at July 31 were $800. 3. The equipment has a six-year useful life. July 31, the company had earned 5000 of revenue that it had received in advance. Instructions (a) Record the July transactions. (b) Prepare monthly adjusting entries at July 31

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