Question

he unadjusted trial balance of Blossom Exposure Inc. had these balances for the following select accounts:...

he unadjusted trial balance of Blossom Exposure Inc. had these balances for the following select accounts: Supplies $4,250, Unearned Service Revenue $9,200, and Prepaid Rent $2,350.

At the end of the period,
1. A count showed $940 of supplies on hand.
2. Services of $4,050 had been performed related to the unearned revenue account
3. One month’s worth of rent, worth $630, had been consumed by Blossom Exposure.

Record the required adjusting entries related to these events. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

1.

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

2.

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

3.

enter an account title

enter a debit amount

enter a debit amount

enter an account title

enter a debit amount

enter a debit amount

0 0
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Answer #1

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Date Account Titles and Explanation Debit Credit
1 Month end date Supplies expenses 3310
Supplies 3310
(4250-940)
2 Month end date Unearned service revenue 4,050
service revenue 4,050
2 Month end date Rent 630
Prepaid rent 630
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