Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered....

50.1K

Verified Solution

Question

Accounting

image
image
Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (1) (2) (3) Services performed but unbilled and uncollected at July 31 were $1.430. Depreciation on equipment for the month was $150. One-twelfth of the insurance expired. A count shows $270 of cleaning supplies on hand at July 31. Accrued but unpaid employee salaries were $340, (4) (5) Date Account Titles and Explanation Debit Credit July 31 : Accounts Receivable 1430 Service Revenue 1430 July 31 Depreciation Expense 150 Accumulated Depreciation Equipment 150 July 31 Insurance Expense Prepaid Insurance July 31 : Supplies Expense Supplies July 31 Salanes and Wages Expanse 340 Salacios and Was Payable 340

Answer & Explanation Solved by verified expert
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