Question

Requirement 1. Journalice lhe adjusling rilie ori December 31. (Record dstils Tirel, then credile. Seede paraliun on the lasline of the journal erarylable. Check your selling carefully and do not abbreviale. Uee only the account mes provided in the unadusted lial balance.) a. On December 15, Astilor contracted to perform services for a dient receiving $2,400 in avance. Ashton recorded this receipt of us ar Unearted Revenue. As of December 31, lehton tres completed $1,900 of the services. Accounts and Explanation Debit Credit O Data Table - X a) Dec. 21 Uncamad Revenue 1,900 Service Revenue 1,800 To record service roversial was collected advents. b. Ashtar prepaid two months oitent on December 1. (Assume the Prepaid Rent balance as shown on the uradjusted trial balance represents the tao months af rent prepaid on December 1.) Date Accounts and Explanation Debit Credit 1) Dec 31 Rent Expense i More Info 1,200 Prepaid Rent 1,200 - X To recorrent expense. Date Ashton Air Purification System Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit $ 7,600 Accounts Receivable 19,00 Prepaid Rent 2,400 Office Supplies 1,000 Equipment 19,600 Accumulated Depreciatian-Equipment Accounts Payable Salaries Payable Unearned Fevenue Common Stock Dividends 9,500 Service Revenue 15.700 Salarias Exnnns 12,800 Rent Expense Depreciation Expense-Equipment Anvertising Expense 1,400 Supplies Expense $ 68.100 S 86.100 c. Ashtoni veed 3550 of office supplies. Accounts and Explanation c) Dec 31 Suppiles Expense OTC Supplies Credit Adjustment data at December 31 follow a. On December 15. Amor contracted to perform services for a clent receiving S2,100 in advance. Ashion recorded this receipt of cash as Uncanned Ravenue. Asaf December 31, Ashton has completed $1,900 of the service b. Ashton prepaid tao months of rent on December 1. (Absure the Prepeld Rent balance 99 shown on the unadused trial balance represents the months af rent prepaid on December 1.) c. Ashton used to unplias d. Depreciation for tha ngupment is S000 e. Achten received a bill for December's online advertising, S500 Astilom wil no pay the bill unti January (lise Accounts Payable) f. Achon pays its emalayans on Monday for the previous weaks wages. Its employees can $1.500 for a live-day workweek. December 31 falls on Wednesday this year q. On October 1, Aston agreed to provide a tour- month air system check (hegrning Oclotu 1 for lemer for $1,800. uhloridas completed the wyuler check every month, but payment has not yet been record and no otras have been mada. Debit 550 To mcara supues used d. Depreciation for the equipment is $200. Accounts and Exnlanation | Drhit Choose from any list or enter any number in the input fields and then click Check Answer Credit Print Done 6 parts b remaining Daar A
All parts please

Answer 1

Solution:

Date	Particulars	Debit	Credit
Dec 31	Unearned Revenue	1900
	Service Revenue		1900
	(To record service revenue that was collected in advance)
Dec 31	Rent Expense	1200
	Prepaid Rent		1200
	(To record rent expense)
Dec 31	Supplies Expense	550
	Office Supplies		550
	(To record office supplies used)
Dec 31	Depreciation Expense-Equipment	800
	Accumulated Depreciation-Equipment		800
	(To record depreciation for the equipment)
Dec 31	Advertising Expense	500
	Accounts Payable		500
	(To record advertising expense bill that will be paid later)
Dec 31	Salaries Expense	2700
	Salaries Payable		2700
	(To record salaries expense that was not paid) $4500 / 5 * 3 days work = $2700
Dec 31	Accounts Receivable	1800
	Service Revenue		1800
	(To record service revenue that was not yet collected)