Question

- /2 Question 2 of 5 1 Oct. 31 2 Oct. 31 3. Oct. 31 Oct. 31 5. Oct 31 6 Oct. 31

Answer 1

Solution:
	Journal Entries
	Sr. No.	Date	Account Title and Explanation	Debit	Credit
	1	Oct.31	Supplie Expenses(($2,570 - $ 560)	$                       2,010
			Supplies		$                        2,010
			(To Record the Supply Expenses)
	2	Oct.31	Insurance Expenses	$                          115
			Prepaid insurance		$                            115
			(To Record the insurance expenses)
	3	Oct.31	Deprciation Expenses	$                             55
			Accumulated Depreciation - Equipment		$                              55
			(To Record the depreciation expenses)
	4	Oct.31	Uneaned Service Revenue	$                          870
			Service Revenue		$                            870
			(To Record the service revenue earned)
	5	Oct.31	Account Receivable	$                          300
			Service Revenue		$                            300
			(To record the service Revenue )
	6	Oct.31	Interest Expenses	$                             80
			Interest Payable		$                              80
			(To record the interest Expenses)
	7	Oct.31	Salaries Expenses	$                       1,610
			Salary Payable		$                        1,610
			(To record the salary Expenses)