Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. Services performed but unbilled and uncollected at July 31 were $1,800. 2. Depreciation on equipment for the month was $190. 3. One-twelfth of the insurance expired. 4. A count shows $340 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $420. Sr. Date Account Titles and Explanation July Debit Credit 31 July 2. 31 July 31 July 31 July 31 1. 3. 4. 5.

Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. Services performed but unbilled and uncollected at July 31 were $1,800. 2. Depreciation on equipment for the month was $190. 3. One-twelfth of the insurance expired. 4. A count shows $340 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $420. Sr. Date Account Titles and Explanation July Debit Credit 31 July 2. 31 July 31 July 31 July 31 1. 3. 4. 5.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 13PA: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...

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Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. A. supplies actual count at year end, $6,500 B. remaining unexpired insurance, $6,000 C. remaining unearned service revenue, $1,200 D. salaries owed to employees, $2,400 E. depreciation on property plant and equipment, $18,000
On July 1, a client paid an advance payment (retainer) of $5,000 to cover future legal services. During the period, the company completed $3,500 of the agreed-on services for the client. There was no beginning balance in the Unearned Revenue account for the period. Based on the information provided, A. Make the December 31 adjusting journal entry to bring the balances to correct. B. Show the impact that these transactions had.
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