Answer | ||||
Explanation | Debit | Credit | ||
a | Supplies expense | $ 840 | 940-100 | |
Supplies | $ 840 | |||
(To record supplies adjusted) | ||||
b | Wages expense | $ 4,600 | ||
Wages payable | $ 4,600 | |||
(To record salary and wages expense) | ||||
c | Deferred Revenue | $ 2,380 | 1190*2 | |
Rent Revenue | $ 2,380 | |||
(To record rent revenue) | ||||
d | Depreciation expense | $ 2,900 | ||
Accumulated Depreciation | $ 2,900 | |||
(To record depreciation expense) | ||||
e | Insurance expense | $ 885 | 3540*6/24 | |
Prepaid Insurance | $ 885 | |||
(To record insurance expense) | ||||
f | Accounts Receivable | $ 840 | ||
Service Revenue | $ 840 | |||
(To record revenue) |
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