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Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS
Calculator Print Item Music Expense 54 3,610 Advertising Expense 1,500 Supplies Expense 180 Miscellaneous Expense 1,855 40,75
July 31: Supplies on hand at July 31, $275. Post, Ref. Debit Credit < July 31: The balance of the prepaid Insurance account r
Account Post. Ref. Debit Credit July 31: The balance of the unearned revenue account relates to the contract between PS Music
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Answer #1
Date Account title Debit credit
July 31
1 Accounts receivable 1400
Fees earned 1400
[Being amount due for additional hours in excess of 80: (115-80=35*40)
2 supplies expense 745
supplies 745
[Being supplies used :1020 unadjusted balance-275 at end]
3 Insurance expense 225
Prepaid Insurance 225
[Insurance expired for one month :2700*1/12]
4 Depreciation expense 50
Accumulated depreciation-office equipment 50
5 Unearned revenue 3600
Fees earned 3600
6 Wage expense 140
wages payable 140
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