Homework Answers
| S.No. | DATE | Accounts Name and Explanation | Debit | Credit | |
| 1 | 31-Mar-22 | Insurance Expense | 390 | ||
| Prepaid Insurance | 390 | ||||
| (To record insurance expense) | |||||
| 2 | 31-Mar-22 | Supplies Expense | 1,820 | (3250-1430) | |
| Supplies | 1,820 | (3250-1430) | |||
| (To record supplies expense) | |||||
| 3 | 31-Mar-22 | Depreciation Expense | 650 | ||
| Accumulated Depreciation-Office Equipment | 650 | ||||
| (To record depreciation expense) | |||||
| 4 | 31-Mar-22 | Unearned Service Revenue | 4,680 | (11700/5*2) | |
| Service Revenue | 4,680 | (11700/5*2) | |||
| (To record service revenue ) |
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Current Attempt in Progress The ledger of Monty Corp. on March 31, 2022, includes the following...
View Policies Current Attempt in Progress The ledger of Kingbird, Inc. on March 31, 2020, includes...
View Policies Current Attempt in Progress The ledger of Kingbird, Inc. on March 31, 2020, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance Supplies Equipment Unearned Service Revenue 2,800 2,300 33,600 8,600 An analysis of the accounts shows the following. 1. 2. 3 Insurance expires at the rate of $200 per month. Supplies on hand total $1,200. The equipment depreciates $300 per month. During March, services were performed for two-fifths of the unearned service revenue. Prepare...
Current Attempt in Progress The lediger of Larkspur, Inc. on March 31, 2017, includes the following...
Current Attempt in Progress The lediger of Larkspur, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries. Debit Credit 4,100 Supplies Prepaid Insurance 2.240 25.500 Equipment Unearned Service Revenue 12,300 An analysis of the accounts shows the following 1. Insurance expires at the rate of $280 per month 2 Supplies on hand total $960. 3. The equipment depreciates $170 per month 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the...
The lodger of Monty Corp. on March 31 of the current year includes the selected accounts...
The lodger of Monty Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Credit Debit $4,500 5,400 37.500 Supplies Prepaid Insurance Equipment Accumulated Depreciation - Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $12600 30,000 18,600 90.000 0 21.000 An analysis of the accounts shows the following 1 2 The equipment depreciates $420 per month Half of the unearned rent revenue was earned during...
The ledger of Monty Corp.on March 31 of the current year includes the selected accounts below...
The ledger of Monty Corp.on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $3,760 3,960 25,500 $7,650 20,000 11,600 61,200 0 14,000 An analysis of the accounts shows the following. 1. The equipment depreciates $ 400 per month 2. Half of the unearned rent revenue was earned during the quarter....
Exercise 4-09 The ledger of Blue Spruce Corp. on March 31 of the current year includes...
Exercise 4-09 The ledger of Blue Spruce Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Credit Debit $7,500 9,000 62,500 Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $21,000 50,000 31,000 150,000 0 35,000 An analysis of the accounts shows the following. 1. The equipment depreciates $ 700 per month. 2. Half of the unearned rent revenue...
The ledger of Novak Corp.on March 31 of the current year includes the selected accounts below...
The ledger of Novak Corp.on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies $8,400 Prepaid Insurance 10,080 Equipment 70,000 Accumulated Depreciation-Equipment $23,520 Notes Payable 56,000 Unearned Rent Revenue 34,720 Rent Revenue 168,000 Interest Expense Salaries and Wages Expense 39,200 An analysis of the accounts shows the following. 1. The equipment depreciates $784 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest...
The ledger of Crane Rental Agency on March 31 of the current year includes the selected...
The ledger of Crane Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared. Credit Debit $ 14,400 2,900 25,000 $ 8.100 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense 23,000 12,600 61,000 0 11,000 An analysis of the accounts shows the following. 1. 2. 3. The equipment depreciates $400 per month. One-third of the unearned rent...
The ledger of Pina Colada Corp. on March 31 of the current year includes the selected...
The ledger of Pina Colada Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies $3,600 Prepaid Insurance 4,320 Equipment 30,000 Accumulated Depreciation Equipment $10,080 Notes Payable 24,000 Unearned Rent Revenue 14,880 Rent Revenue 72,000 Interest Expense Salaries and Wages Expense 16,800 An analysis of the accounts shows the following. 1. The equipment depreciates $336 per month. 2. Half of the unearned rent revenue was earned during the...
Your answer is partially correct. The ledger of Metlock, Inc. on March 31, 2022, includes the...
Your answer is partially correct. The ledger of Metlock, Inc. on March 31, 2022, includes the following selected accounts before adjusting entries. Credit Supplies Prepaid Insurance Equipment Unearned Service Revenue Debit 4,490 2.560 36,000 11,000 An analysis of the accounts shows the following. Insurance expires at the rate of $320 per month Supplies on hand total $900. The equipment depreciates $240 per month. During March, services were performed for two-fifths of the unearned service revenue. 1 2 3. 4 Prepare...
The ledger of Pina Colada Corp. on March 31 of the current year includes the selected...
The ledger of Pina Colada Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Credit Debit $3,600 4,320 30,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $10,080 W 24,000 14,880 72,000 0 16,800 An analysis of the accounts shows the following 2. 3 The equipment depreciates $336 per month Half of the unearned rent revenue was earned during...
View Policies Current Attempt in Progress The ledger of Kingbird, Inc. on March 31, 2020, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance Supplies Equipment Unearned Service Revenue 2,800 2,300 33,600 8,600 An analysis of the accounts shows the following. 1. 2. 3 Insurance expires at the rate of $200 per month. Supplies on hand total $1,200. The equipment depreciates $300 per month. During March, services were performed for two-fifths of the unearned service revenue. Prepare...
Current Attempt in Progress The lediger of Larkspur, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries. Debit Credit 4,100 Supplies Prepaid Insurance 2.240 25.500 Equipment Unearned Service Revenue 12,300 An analysis of the accounts shows the following 1. Insurance expires at the rate of $280 per month 2 Supplies on hand total $960. 3. The equipment depreciates $170 per month 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the...
The lodger of Monty Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Credit Debit $4,500 5,400 37.500 Supplies Prepaid Insurance Equipment Accumulated Depreciation - Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $12600 30,000 18,600 90.000 0 21.000 An analysis of the accounts shows the following 1 2 The equipment depreciates $420 per month Half of the unearned rent revenue was earned during...
The ledger of Monty Corp.on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $3,760 3,960 25,500 $7,650 20,000 11,600 61,200 0 14,000 An analysis of the accounts shows the following. 1. The equipment depreciates $ 400 per month 2. Half of the unearned rent revenue was earned during the quarter....
Exercise 4-09 The ledger of Blue Spruce Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Credit Debit $7,500 9,000 62,500 Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $21,000 50,000 31,000 150,000 0 35,000 An analysis of the accounts shows the following. 1. The equipment depreciates $ 700 per month. 2. Half of the unearned rent revenue...
The ledger of Novak Corp.on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies $8,400 Prepaid Insurance 10,080 Equipment 70,000 Accumulated Depreciation-Equipment $23,520 Notes Payable 56,000 Unearned Rent Revenue 34,720 Rent Revenue 168,000 Interest Expense Salaries and Wages Expense 39,200 An analysis of the accounts shows the following. 1. The equipment depreciates $784 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest...
The ledger of Crane Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared. Credit Debit $ 14,400 2,900 25,000 $ 8.100 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense 23,000 12,600 61,000 0 11,000 An analysis of the accounts shows the following. 1. 2. 3. The equipment depreciates $400 per month. One-third of the unearned rent...
The ledger of Pina Colada Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies $3,600 Prepaid Insurance 4,320 Equipment 30,000 Accumulated Depreciation Equipment $10,080 Notes Payable 24,000 Unearned Rent Revenue 14,880 Rent Revenue 72,000 Interest Expense Salaries and Wages Expense 16,800 An analysis of the accounts shows the following. 1. The equipment depreciates $336 per month. 2. Half of the unearned rent revenue was earned during the...
Your answer is partially correct. The ledger of Metlock, Inc. on March 31, 2022, includes the following selected accounts before adjusting entries. Credit Supplies Prepaid Insurance Equipment Unearned Service Revenue Debit 4,490 2.560 36,000 11,000 An analysis of the accounts shows the following. Insurance expires at the rate of $320 per month Supplies on hand total $900. The equipment depreciates $240 per month. During March, services were performed for two-fifths of the unearned service revenue. 1 2 3. 4 Prepare...
The ledger of Pina Colada Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Credit Debit $3,600 4,320 30,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $10,080 W 24,000 14,880 72,000 0 16,800 An analysis of the accounts shows the following 2. 3 The equipment depreciates $336 per month Half of the unearned rent revenue was earned during...
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