Question

ACC-250 TOPIC 3 ASSIGNMENT Previous Next Problem 1: P3-35A Background: The unadjusted trial balance of Anniston Air Purification Systems Included in the Reports tab. Anniston determined that several adjusting entries are needed based on this unadjusted trial balance. Data for these adjustments is included in the transaction list below Assignment: 1) Using the General Journal tab, click Add Transaction to journalize each adjusting entry Chic Post Transaction once you complete the entry, then repeat these steps for each transaction 2) Click the Reports tab and review the results of recording these transactions on the General Ledger 3) Under the Reports tab, review the Tal Balance generated as a result of recording these transactions 4) Under the Reports tab, review the income Transactions: 12/31/2018 Anniston pays its employees on Monday for the previous week's wages. Its employees earn $3,500 for the five-day workweek. December 31 falls on a Wednesday this year. 12/31/2018 On October 1, Anniston agreed to provide a four-month air system check beginning that day. The customer agreed to pay a total of $3,400 at the end of the four month service contract. As of December 31, Arniston has completed all work as necessary, but has not recorded any revenue to date. SAVE WORK RESET RESULTS SUBMIT WORK < December 1, 2018 - December 31, 2018 > BUSINESS REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date accounts I Debit Credit No transactions in Journal

Answer 1

Solution:

Journal Entries
Date	Particulars	Debit	Credit
31-Dec-18	Salaries expense Dr	$2,100.00
	To Salaries Payable		$2,100.00
	(To record salaries expense)
31-Dec-18	Accounts receivables Dr	$2,550.00
	To Service revenue		$2,550.00
	(To record service revenue)