Question

iii X 53-5 (book/static) A select list of transactions for Anuradha's Goals follows: Click the icon to view the transactions.) For each transaction, identify what type of adjusting entry would be needed. Select from the following four types of adjusting entries: deferred expen revenue, accrued expense, and accrued revenue. Apr 1 Accrued revenue 10 Deferred expense Deferred expense 15 Paid six months of rent, $4,800. Received $1,200 from customer for six month service contract that began April 1. Purchased a computer for $1,000, Purchased $300 of office supplies on account. Work performed but not yet billed to customer, 5500 Employees earned $600 in salaries that will be paid May 2. 18 30 Accrued expense 30 Accrued revenue

Answer 1

Solutions Auswer Ape. I paid six months of rent, $4800 | Deferred expense 10 Received $1200 from customer Deferred revenue for six month service contract that began April) 15 Purchased a computer for $1,000 Deferred expense 18 Purchased $300 of office Deferred expense supplies on account Accrued revenue 30 work performed but not yet billed to customer, $500 30 Employees earned $600 in Saleries that will be paid May 2 Aurred expense 2