Homework Answers
| S.No. | DATE | Accounts Name and Explanation | Debit | Credit |
| a. | May' 31 | Accounts Receivable | 19,750 | |
| Service Revenue | 19,750 | |||
| (To record unbilled fees) | ||||
| b. | May' 31 | Supplies Expense | 8,150 | |
| Supplies | 8,150 | |||
| (To record supplies expense) | ||||
| c. | May' 31 | Wages Expenses | 2,700 | |
| Wages Payable | 2,700 | |||
| (To record wages expense) | ||||
| d. | May' 31 | Unearned Rent | 3,000 | |
| Rent Revenue | 3,000 | |||
| (To record rent revenue) | ||||
| e. | May' 31 | Depreciation Expense | 3,200 | |
| Accumulated Depreciation-Office Equipment | 3,200 | |||
| (To record depreciation expense) | ||||
| Q.2 | Correct Option B | |||
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charts
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•
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representing the receipt of an advance payment on December 1 of
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•
Wages accrued but not paid at December 31 are $3,710.
•
Fees earned but unbilled at December...
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Instructions Chart of Accounts Journal Final Question Instructions On March 31, the following data were accumulated...
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On March 31, the following data were accumulated to assist the accountant in preparing the adjusting...
On March 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Potomac Realty The supplies account balance on March 31 is $5,620, the supplies on hand on March 31 are $1,290 . The uneamed rent account balance on March 31 is $5,000 representing the receipt of an advance payment on March 1 of four months rent from tenants .Wages accrued but not paid at March 31 are $2,290 . Fees accrued but unbilled...
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charts
of account
Instructions On December 31, the following data were accumulated for preparing the adjusting entries for Bellingham Realty: • The supplies account balance on December 31 is $5,640. The supplies on hand on December 31 are $1.445. . The unearned rent account balance on December 31 is $5,400 representing the receipt of an advance payment on December 1 of four months' rent from tenants. • Wages accrued but not paid at December 31 are $2,125 • Fees earned...
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preparing the adjusting entries for Flagship Realty:
•
The supplies account balance on December 31 is $1,585. The
supplies on hand on December 31 are $320.
•
The unearned rent account balance on December 31 is $10,350
representing the receipt of an advance payment on December 1 of
five months’ rent from tenants.
•
Wages accrued but not paid at December 31 are $3,710.
•
Fees earned but unbilled at December...
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