Question

Print 4. The accounting records of Mackay Architects include the following selected, unadjusted balances at March 31: Accounts Receivable, $1,500, Office Supplies, $700; Prepaid Rent, $2,240; Equipment, $8,000; Accumulated Depreciation Equipment. $0, Salaries Payable, $0; Unearned Revenue, 5900; Service Revenue, $4,100; Salaries Expense, $800; Supplies Expense, So; Rent Expense, $0: Depreciation Expense Equipment, SO. The data developed for the March 31 adjusting entries are as follows: *(Click the icon to view the data) Once 4 Salaries Rent Ex Read the requirements Requirement 1. Joumalize the adjusting entries using the letter and March 31 date in the date column. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Service revenue accrued, $700. Date Accounts and Explanation Debit Credit (a) Mar. 31 (3) b. Unearned revenue that has been earned, $100. (When the cash was received, assume that a liability account was credited) Date Accounts and Explanation Debit Credit (b) Mar. 31 c. Office Supplies on hand, $300. (Assume that Mackay debits an asset account when supplies are purchased.) Date Accounts and Explanation Dehlt Credit (c) Mar 31 (11) (12) (13)

Answer 1

Accounts Title	Debit $	Credit $
1)Accounts Receivable	700
2)Service revenue		700
5)(to service revenue accrued)
6)Unearned revenue	100
7)Service revenue		100
10) (to record service revenue that was collected in advance)
11)Supplies expense	400		(700-300)
12) Office Supplies		400
15) (to record ofice supplies used)
16)Salaries expense	200
17)Salaries payable		200
20)(To accrue salaries expense)
21)Rent expense	560
22)Prepaid rent		560
25) (to record rent expense)
26)Depreciation expense-eq.	120
27)Acc Dep - equipment		120
30) (to record depreciation on equipment)

Accounts Receivable
31-Mar	a
Office Supplies
31-Mar	c
Prepaid Rent
31-Mar	e
Equipment
Acc Dep - Equip.
		f	31-Mar
Salaries Payable
		d	31-Mar
Unearned Revenue
31-Mar	b
Service Revenue
		b	31-Mar
Salaries Expense
31-Mar	d
Supplies Expense
31-Mar	c
Rent Expense
31-Mar	e
Depreciation Exp.-equip
		f	31-Mar