Mar. 31 Accounts Receivable 700 Service Revenue 700 To accrue service revenue. (b) Mar. 31 Unearned Revenue 100 Service Revenue 100 To record service revenue that was collected in advance. (c) Mar. 31 Supplies Expense 400 Office Supplies 400 To record office supplies used. (d) Mar. 31 Salaries Expense 200 Salaries Payable 200 To accrue salaries expense. (e) Mar. 31 Rent Expense 560 Prepaid Rent 560 To record rent expense. (f) Mar. 31 Depreciation Expense—Equipment 120 Accumulated Depreciation—Equipment 120 To record depreciation on equipment use the following adjustments to make a T-acct for each item, continued instructions found in image

Mar. 31 Accounts Receivable 700 Service Revenue 700 To accrue service revenue. (b) Mar. 31 Unearned Revenue 100 Service Revenue 100 To record service revenue that was collected in advance. (c) Mar. 31 Supplies Expense 400 Office Supplies 400 To record office supplies used. (d) Mar. 31 Salaries Expense 200 Salaries Payable 200 To accrue salaries expense. (e) Mar. 31 Rent Expense 560 Prepaid Rent 560 To record rent expense. (f) Mar. 31 Depreciation Expense—Equipment 120 Accumulated Depreciation—Equipment 120 To record depreciation on equipment use the following adjustments to make a T-acct for each item, continued instructions found in image

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter3: Setting Up A New Company

Section: Chapter Questions

Problem 3.6C

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Prepare an adjusted trial balance from the following adjusted account balances (assume accounts have normal balances).
Use the following account T-balances (assume normal balances) and correct balance information to make the December 31 adjusting journal entries.
Prepare an unadjusted trial balance, in correct format, from the following alphabetized account information. Assume all the accounts have normal balances.
The adjusting entries made are: A debit entry of ...blank... to Accounts Receivable and a credit entry to ..blank... A debit entry of 180 to ..blank... and a credit entry to ..blank... A debit entry of 150 to ..blank... and a credit entry to ..blank... A debit entry of ..blank... to ..blank... and a credit entry to supplies A blank entry of 400 to ..blank... and a ..blank... entry of 400 to ..blank...
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Fill the blanks: The adjusting entries would include a debit to ....blank.... for 1250 and a credit to ....blank.... The adjusting entries would include a ....blank.... to accounts receivable for ....blank.... The adjusting entry would include a debit to....blank.... for 150 and a credit to ....blank....
Fill in the blaknks: A debit entry of 150 to .................. blank........... and a credit entry to .........blank............... A debit entry of ................. blank.......... to ................. blank.......... and a credit entry to suppl The adjusting entries would include:A ................. blank..........entry of 400 to ................. blank.......... and a ................. blank.......... entry of 400 to b................. blank.......... The closing entries would involve a debit entry of ................. blank.......... to service revenue and a debit entry of 3600 to ................. blank..........
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When posting reversing entries in the ledger do you double rule it's balances if there's no other entry? Example for supplies expenses its balance would be 1,800 based on the reversing entry should i double rule the 1,800?
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