Question

Date Account Titles and Explanation Credit Debit 9880T Feb. 1 Cash Paid-in Capital in Excess of Par Value-Common St 4,180 V Common Stock 5700 (To record issuance of common stock in excess of par) Feb. 1 Cash 6,080 Notes Payable 6,080 (To record purchase of notes payable) Feb. 1 Equipment 6,860 Cash 6,860 (To record purchase of equipment) Feb. 1 Utilities Expense 170 Cash 170 (To record payment of internet and phone services) Feb. 3 Supplies Accounts Payable 740 Feb. 4 no entry no entry UL 0 Feb. 5 Prepaid Insurance 1,870 Cash 1,870 (To record payment of insurance) Feb. 5 Cash 3,000 1 1 3,000 2 00 Loss on Disposal of Plant Assets lant Assets Equipment 3,200

THIS IS THE QUESTION RIGHT HERE. journalize the entry

I need these 10 entries journalized.

Answer 1

Adjusting entries
Date	Account	Debit	Credit	Calculation
28-Feb	Accounts Receivable	$        2,890
	Service Revenue		$        2,890
28-Feb	Allowance for Doubtful Accounts	$           150
	Accounts Receivable		$           150
28-Feb	Bad debts expense	$           362		=(7,070*3%)+150
	Allowance for Doubtful Accounts		$           362
28-Feb	Depreciation expense	$              68		=(3,660-380)/4*1/12
	Accumulated Depreciation-Equipment		$              68
28-Feb	Insurance expense	$           623		=1,870/3
	Prepaid Insurance		$           623
28-Feb	Supplies expense	$           440		=740-300
	Supplies		$           440
28-Feb	Unearned Service Revenue	$              99		=396/4 weeks
	Service Revenue		$              99
28-Feb	Salaries and wages expense	$        1,440		=360*4
	Salaries and wages Payable		$        1,440
28-Feb	Interest expense	$              30		=6,080*6%*1/12
	Interest Payable		$              30
28-Feb	Income tax expense	$           601		=3,005*20%
	Income Taxes Payable		$           601

Unadjusted TB Adjusted TB Larkspur Cleaning Services Inc. Adjustments Debit Credit Credit Debit Debit Credit Account Names Cash 7,672 7,672 Accounts Receivable 7,070 4,330 2,890 150 Allowance for Doubtful Accounts 150 362 212 Supplies 740 440 300 Prepaid Insurance 1,870 623 1,247 Prepaid Expenses 170 170 3,660 Equipment 3,660 Accumulated Depreciation-Equipment Accounts Payable 68 68 510 510 Notes Payable 6,080 6,080 Unearned Service Revenue 396 99 297 Salaries and wages Payable 1,440 1,440 Interest Payable 30 30 Income Taxes Payable 601 601 Common Stock 5,700 5,700 Paid in Capital in Excess of Par Value-Common Stock 4,180 4,180 Retained Earnings Cash Dividends 714 714 Treasury Stock 690 690 Service Revenue 6,230 2,989 9,219 Utilities expense 170 170 Salaries and wages expense 2,880 1,440 4,320 Loss on Disposal of Plant Assets Bad debts expense 200 200 362 362 Depreciation expense |Insurance expense Supplies expense 68 68 623 623 440 440 Interest expense 30 30 |Income tax expense 601 601 Totals 23,096 23,096 6,704 6,704 28,338 28,338

Larkspur Cleaning Services Inc. Income Statement For the Month Ended February 28, 2022 Service Revenue 9,219 Expenses Utilities expense 170 Salaries and wages expense 4,320 Bad debts expense 362 Depreciation expense 68 Insurance expense 623 Supplies expense 440 Total Operating expenses 5,984 Operating profit 3,235 Other expense (income) Interest expense 30 Loss on Disposal of Plant Assets Total Other expense (income) 200 230 Net Income before taxes 3,005 601 3,005*20% Income tax expense 2,404 Net Income