Question

Following dle me Jalludly UdlSCUOTIS. a. Received a $565 deposit from a customer who wanted her plano rebuilt in February b. Rented a part of the building to a bicycle repair shop, $410 rent received for January c. Delivered five rebuilt planos to customers who pald-$22,525 In cash. d. Delivered two rebullt planos to customers for $10.800 charged on account e. Received $8,600 from customers as payment on their accounts f. Received an electric and gas utility bill for $495 for January services to be paid in February g. Ordered $1,040 in supplies. h. Pald $3,600 on account in January. 1. Pald $13.400 in wages to employees in January for work done this month J. Received and paid cash for the supplies in (al Required: 2. Prepare journal entries for the above January transactions(If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 10 Rented a part of the building to a bicycle repair shop: $410 rent received for January. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit

Answer 1

Solution:

Journal entries:

No.of Event	General Journal	Debit ($)	Credit ($)
a.	Cash	565
	Unearned Revenue		565
	(To record unearned revenue)
b.	Cash	410
	Rent revenue		410
	(To record rent revenue)
c.	Cash	22,525
	Service revenue		22,525
	( To record delivered five rebuilt pianos)
d.	Accounts receivable	10,800
	Service revenue		10,800
	(To record delivered two rebuilt pianos)
e.	Cash	8,600
	Accounts receivable		8,600
	(To record received from customer)
f.	Utility expenses	495
	Accounts payable		495
	(To record an electronic and gas bill)
g.	No entry
h.	Accounts payable	3,600
	Cash		3,600
	(To record account payable)
i	Salaries and wages expenses	13,400
	Cash		13,400
	(To record wages to employees)
j.	Supplies expenses	1,040
	Cash		1,040
	(To record ordered in supplies)