Question

x T13-3 (similar to) Question Help Starry Surveillance Services had the following adjustments as of the end of the year. i (Click the icon to view the adjustments.) 0 More Info 6. 7. For each situation, indicate which category of adjustment (deferral or accrual) is described. Journalize the adjusting entry needed. 6. For each situation, indicate which category of adjustment (deferral or accrual) is described. Adjustment Category of adjustment deferral a. Equipment depreciation was $1,900. b. $1,600 of advertising expense was incurred but not paid. (Use Advertising Payable.) c. Office Supplies on hand at the end of the year totaled $475. The beginning balance of Office Supplies was $700. (Assume no office supplies were purchased during the period.) d. $3,000 of rent revenue was earned but not recorded or received. e. Unearned revenue of $2,400 has been earned. accrual deferral accrual Print Done deferral 7. Journalize the adjusting entry needed. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Equipment depreciation was $1,900. Date Accounts and Explanation Debit Credit (a) Choose from any list or enter any number in the input fields and then click Check Answer.

Answer 1

a) Journal entry

Date	Accounts and explanation	Debit	Credit
a	Depreciation expense	1900
	Accumulated depreciation-equipment		1900
	(To record depreciation)

b) Journal entry

Date	Accounts and explanation	Debit	Credit
b	Advertising expense	1600
	Advertising payable		1600
	(To record expense)

c) Journal entry

Date	Accounts and explanation	Debit	Credit
c	Supplies expense (700-475)	225
	Supplies		225
	(To record supplies expense)

d) Journal entry

Date	Accounts and explanation	Debit	Credit
d	Account receivable	3000
	Rent revenue		3000
	(To record rent revenue)

e) Journal entry

Date	Accounts and explanation	Debit	Credit
e	Unearned service revenue	2400
	Service revenue		2400
	(To record revenue)