Question

please reply in same format.
Startech Surveillance Services had the following adjustments as of the end of the year. (Click the icon to view the adjustments.) 6. For each situation, indicate which category of adjustment (deferral or accrual) is described. 7. Journalize the adjusting entry needed. More Info a. Equipment depreciation was $1,300. b. $800 of advertising expense was incurred but not paid. (Use Advertising Payable.) c. Office Supplies on hand at the end of the year totaled $475. The beginning balance of Office 6. For each situation, indicate which category of adjustment (deferral or accrual) is described Adjustment a. b. Category of adjustment deferral accrual deferral accrual Supplies was $700. (Assume no office supplies were purchased during the period.) d. $1,800 of rent revenue was earned but not recorded or received e. Unearned revenue of $2,400 has been eamed. C. PrintDone d. deferral 7. Journalize the adjusting entry needed. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Equipment depreciation was $1,300

Answer 1

Indicate the category of adjustment as follows: Adjustment Category of adjustment Deferral Accrual Deferral Accrual Deferral Journalize the adjusting entries as follows: Credit Date Accounts and explanation a. Depreciation expense - equipment Accumulated depreciation - equipment Debit $1,300 $1,300 $800 b. Advertising expense Advertising payable $800 $225 c. Supplies expense (700-475) Office supplies $225 $1,800 d. Account receivable Rent revenue $1,800 $2,400 e. Unearned revenue Service revenue $2.400