Daube Industries’ operations for the month of October are summarized as follows: Provided $6,200 of services on account. Received $3,400 cash for services provided in October. Received $1,800 cash for services to be provided in November. Received $4,400 cash for service provided in September and billed in September. Paid September’s warehouse rental bill on account in the amount of $1,300. Received October’s rental bill of $1,400 which will be paid in November. Required: Prepare journal entries to record the transactions identified among activities (A) through (F). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Did I do this correctly? If not please explain why.
Daube Industries’ operations for the month of October are summarized as follows: Provided $6,200 of services on account. Received $3,400 cash for services provided in October. Received $1,800 cash for services to be provided in November. Received $4,400 cash for service provided in September and billed in September. Paid September’s warehouse rental bill on account in the amount of $1,300. Received October’s rental bill of $1,400 which will be paid in November. Required: Prepare journal entries to record the transactions identified among activities (A) through (F). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Did I do this correctly? If not please explain why.
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 4.13C
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Daube Industries’ operations for the month of October are summarized as follows:
- Provided $6,200 of services on account.
- Received $3,400 cash for services provided in October.
- Received $1,800 cash for services to be provided in November.
- Received $4,400 cash for service provided in September and billed in September.
- Paid September’s warehouse rental bill on account in the amount of $1,300.
- Received October’s rental bill of $1,400 which will be paid in November.
Required:
Prepare journal entries to record the transactions identified among activities (A) through (F). (If no entry is required for a transaction/event, select "No
Did I do this correctly? If not please explain why.
Transcribed Image Text:No
Transactions
General Journal
Debit
Credit
A
Accounts Receivable
6,200
Service Revenue
6,200
2
В
Cash
3,400
Service Revenue
3,400
3
C
Cash
1,800
Deferred Revenue
1,800
Cash
4,400
Service Revenue
4,400
5
E
Accounts Payable
1,300
Cash
1,300
6
F
Rent Expense
1,400
Accounts Payable
1,400
4.
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