Daube Industries’ operations for the month of October are summarized as follows: Provided $5,800 of services...

Free

90.2K

Verified Solution

Question

Accounting

Daube Industries’ operations for the month of October aresummarized as follows: Provided $5,800 of services on account.Received $3,900 cash for services provided in October. Received$1,600 cash for services to be provided in November. Received$2,700 cash on account for service provided in September. PaidSeptember’s warehouse rental bill on account in the amount of$1,400. Received October’s rental bill of $1,300; set it aside.Required: Prepare journal entries to record the transactionsidentified among activities (A) through (F). (If no entry isrequired for a transaction/event, select "No Journal EntryRequired" in the first account field.)

Answer & Explanation Solved by verified expert
4.5 Ratings (936 Votes)

Transaction General Journal Debit Credit
A Accounts receivable $ 5,800.00
                     Service revenue $ 5,800.00
B Cash $ 3,900.00
               Service revenue $ 3,900.00
C Cash $ 1,600.00
           Unearned service revenue $ 1,600.00
D Cash $ 2,700.00
         Accounts receivable $ 2,700.00
E Rent expense $ 1,400.00
            Cash $ 1,400.00
F Rent expense $ 1,300.00
              Rent payable $ 1,300.00

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students