Question

View transaction list of 7 Journal entry worksheet 3:00:05 Record the consumption of supplies during the month if supplies worth $4,000 were purchased on January 5 and at the end of the month supplies worth $3,000 were in hand. oped took Note: Enter debits before credits. Date General Journal Jan 31 Debit Credit Ask rint rences Record entry Clear entry View general journal

Answer 1

Solution:

Journal Entries
Date	Particulars	Debit	Credit
31-Jan	Supplies expense Dr	$1,000.00
	To Supplies		$1,000.00
	(To record supplies expense)
31-Jan	Rent expense Dr	$700.00
	To Prepaid rent		$700.00
	(To record rent expense)
31-Jan	Unearned service revenue Dr	$480.00
	To Service revenue		$480.00
	(To record service revenue)