Question

Please complete 4-8 with work. Thanks

Moody started his own consulting firm, Moody Consulting, on January 1, 2018. The trial balance at January 31, 2018 is shown below. Tric Moody Consulting Trail Balance January 31, 2018 Cash Accounts Receivable Office Supplies Prepaid Insurance Office Furniture Notes Payable Unearned Service Revenue Common Stock Service Revenue Salaries Expense Rent Expense Dividends $5,000 3.000 1,600 2.400 / 21206/12 - 10/monte 9,000/ 6 5 $3,000 2,500 12,000 10,500 4,000 2,200 800 months $28,000 $28,000 Prepaid Expense (Deferred) Cash Paid Before Expense Is Incurred. 1 . Supplies: $200 of supplies has been used during the month. Sup e r • Insurance: The insurance policy is for 2 years. 5. Depreciation: The office furniture has a five year useful life with no salvage value. 20. Unearned Revenue (Deferred):Cash Received Before Revenue Is Earned. Ny. Unearned Revenue: $1500 of the balance in unearned service revenue has been earned during the month. Accrued Expense (or Liability): Expense Incurred Before Cash is Paid. 2 . Notes payable: The note is dated January 16, and it is for 90 days at 12% interest • Travel costs incurred but not paid $140. January 31 is a Wednesday and employees are paid on Mondays. Moody Consulting has two employees that are paid $600 each for a 5-day working week. Accrued Revenue (or Asset): Revenue Earned Before Cash Is Received. • Invoices representing $2,200 of service performed during the month have not been recorded as of January 31.

Please provide this

journal entry with the amount

Answer 1

No	Date	General Journal	Debit	Credit
4	Jan. 31	Unearned service revenue	1500
		Service revenue		1500
		(To record unearned revenue earned)
5	Jan. 31	Interest expense ($3000 x 12% x 15/365)	15
		Interest payable		15
		(To record interest accrued on note)
6	Jan. 31	Travel expense	140
		Travel expense payable		140
		(To record travel costs incurred but not paid)
7	Jan. 31	Salaries expense (2 x $600 x 2/5)	480
		Salaries payable		480
		(To record salaries accrued but not paid)
8	Jan. 31	Accounts receivable	2200
		Service revenue		2200
		(To record services performed but not recorded)