Question

Open Assignment ESOURCES C by Study 751 Exercise 3-09 Selected accounts of Crane Company are shown below. Supplies Beg. Bal. 769 10/31 Salaries and Wages Expense 10/15 10/31 542 Unearned Service Revenue 10/31 383 10/20 Service Revenue 10/17 10/31 10/31 Accounts Receivable 10/17 2,305 10/31 1,6111 Salaries and Wages Payable 10/31 Supplies Expense 10/31 LD 648 2,305 1,611 383 542 Your answer is partially correct. Try again. From an analysis of the Taccounts, reconstruct the October transaction entries. (Credit account titles are automatically indented when amount no entry is required, select "No entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit pe here to search Oo hp

Answer 1

entries for october

Date	Particular	Debit	Credit
10/17	accounts receivable	2305
	service revenue		2305
10/15	salaries and wages expense	751
	cash		751
10/20	cash	648
	unearned service revenue		648

adjusting entries:

Date	Particular	Debit	Credit
10/31	Supply expense	444
	Supply account		444
	(to record the use of supply during october)
31/10	Accounts receivable	1611
	Service revenue		1611
	(to record revenue for services performed for which payment has not yet been recieved)
10/31	salaries and wages	542
	salaries and wages payable		542
	(to record liability for accrued payroll)
10/31	unearned service revenue	383
	service revenue		383
	(to reduce the unearned service revenue account that has been performed)