Solution
Date | Accounts title and explanation | Debit | Credit |
1 | Supplies expense | $ 3,160 | |
Supplies | $ 3,160 | ||
2 | Unearned revenue | $ 3,800 | |
Service revenue | $ 3,800 | ||
3 | Rent expense | $ 580 | |
Prepaid rent | $ 580 |
The unadjusted trial balance of Ivanhoe Exposure Inc. had these balances for the following select accounts:...
The unadjusted trial balance of Cullumber Exposure Inc. had these balances for the following select accounts: Supplies $2,790, Unearned Service Revenue $7,380, and Prepaid Rent $1,080. At the end of the period, 1. A count showed $450 of supplies on hand. 2. Services of $2,610 had been performed related to the unearned revenue account. 3. One month's worth of rent, worth $360, had been consumed by Cullumber Exposure. Record the required adjusting entries related to these events. (Credit account titles...
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...
At the end of its first year, the trial balance of Rayburn Company shows Equipment $22.000 and zero balances in Accumulated Depreciation--Equipment and Depreciation Expense, Depreciation for the year is estimated to be $2.750. The unadjusted trial balance of Northern Exposure Inc. had these balances for the following select accounts: Supplies $3,100, Unearned Service Revenue $8,200, and Prepaid Rent $1,200 At the end of the period, 1. A count showed $500 of supplies on hand. 2. Services of $2,900 had...
View Policies Current Attempt in Progress Cortina Company accumulates the following adjustment data at December 31. Indicate (1) the type of adjustment (prepaid expense, accrued revenue, and so on) and (2) the status of the accounts before adjustment (overstated or understated) (Enter your answers in alphabetical order) (1) Type of Adjustment (2) Accounts Before Adjustment Item a. Supplies of $400 are on hand Supplies account shows $1,600 balance 7 b Services performed butunbilied total $700. Interest of $300 has accumulated...
The unadjusted trial balance for Sarasota Corp. is shown below. SARASOTA CORP. Trial Balance October 31, 2022 Debit Credit Cash $15,140 Supplies 3,010 Prepaid Insurance 660 Equipment 5,170 Notes Payable $5,170 Accounts Payable 2,530 Unearned Service Revenue 1,260 Common Stock 10,510 Retained Earnings 0 Dividends 540 Service Revenue 10,000 Salaries and Wages Expense 4,000 Rent Expense 950 $29,470 $29,470 Assume the following adjustment data. 1. Supplies on hand at October 31 total $580. 2. Expired insurance for the month is...
The unadjusted trial balance for Bramble Corp. is shown below. BRAMBLE CORP. Trial Balance October 31, 2022 Credit Debit $15,540 2,570 690 4,690 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,690 2,760 1,410 10,200 0 580 10,100 4,000 1,090 $29,160 $29,160 Assume the following adjustment data. 1. 2. 3. 4. Supplies on hand at October 31 total $560. Expired insurance for the...
The unadjusted trial balance for Cheyenne Corp. is shown below. CHEYENNE CORP. Trial Balance October 31, 2017 Credit Debit $15,620 2,550 660 5,490 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $5,490 2,750 1,980 11,330 520 13,900 4,000 6,610 $35,450 $35,450 Assume the following adjustment data. 1. 2. 3. 4. 5. 6. 7. Supplies on hand at October 31 total $510. Expired insurance...
The unadjusted trial balance for Flint Corporation is shown below. FLINT CORPORATION Trial Balance October 31, 2017 Debit Credit Cash $15,840 Supplies Prepaid Insurance 2.910 690 5.430 Equipment Notes Payable $5.430 Accounts Payable 2740 Unearned Service Revenue 2.180 Common Stock 10,730 Retained Earnings Dividends 500 Service Revenue 13,830 Salaries and Wages Expense 4,000 Rent Expense 5 540 $34,910 $34.910 Assume the following adjustment data, 1. Supplies on hand at October 31 total 5700 2. Expired insurance for the month is...
The unadjusted trial balance for Sheffield Corp. is shown below. SHEFFIELD CORP. Trial Balance October 31, 2022 Debit Credit $15,220 Cash Supplies 2,960 690 Prepaid Insurance 5,290 Equipment Notes Payable $5,290 Accounts Payable 2,270 Unearned Service Revenue 1,990 Common Stock 11,040 Retained Earnings Dividends 560 Service Revenue 9,300 Salaries and Wages Expense 4,000 Rent Expense 1,170 $29,890 $29,890 Assume the following adjustment data. Supplies on hand at October 31 total $520. 1. 2. Expired insurance for the month is $115....
The unadjusted trial balance for Novak Corp. is shown below. Credit NOVAK CORP Trial Balance October 31, 2022 Debit Cash $16,050 Supplies 2,940 Prepaid Insurance 720 Equipment 5,500 Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends 670 Service Revenue Salaries and Wages Expense 4,000 Rent Expense 1.030 $30,910 $5,500 2,190 2,180 11,840 0 9,200 $30,910 1. Assume the following adjustment data. Supplies on hand at October 31 total $600. 2. Expired insurance for the month is...