The monetary value charged to customers for the performance of services sold is called a(n) O asset O capital net income O revenue F 4Part 2 of 2;)!Required information2. For Roland Company in Industry F, enter the December 31 adjustments in the following table for prepaidinsurance, supplies, accrued wages, accrued revenue, and unearned revenue. Then, complete the adjusted trialbalance by entering the adjusted balance for each of the accounts.Important! Be sure to click the correct Industry at the top of the dashboard.Industry FAccount TitleNo.101Cash106 Accounts receivable126 Supplies128 Prepaid insurance210 Wages payable236301404Unearned revenueCommon stockRevenue623 Wages expenseInsurance exper637652 Supplies expenseTotal$$Dr.UnadjustedTrial Balance20,16004,2005,04000029,400$$Cr.08,40021,0000$29,400 $Dr.Adjustments000000$$Cr.0000>$$Check my workDr.AdjustedTrial Balance20,16000000020,160$$Cr.00000

Revenue is the amount which is generated by the selling of goods and services by a company to the…

Answered: The monetary value charged to customers…

The monetary value charged to customers for the performance of services sold is called a(n) O asset O capital net income O revenue F

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter3: Basic Accounting Systems: Accrual Basis

Section: Chapter Questions

Problem 3.8E: Adjustment for supplies Answer each of the following independent questions concerning supplies and...

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Question

The monetary value charged to customers for the performance of services sold is called a(n) O asset O capital net income O revenue F

4
Part 2 of 2
;)
!
Required information
2. For Roland Company in Industry F, enter the December 31 adjustments in the following table for prepaid
insurance, supplies, accrued wages, accrued revenue, and unearned revenue. Then, complete the adjusted trial
balance by entering the adjusted balance for each of the accounts.
Important! Be sure to click the correct Industry at the top of the dashboard.
Industry F
Account Title
No.
101
Cash
106 Accounts receivable
126 Supplies
128 Prepaid insurance
210 Wages payable
236
301
404
Unearned revenue
Common stock
Revenue
623 Wages expense
Insurance exper
637
652 Supplies expense
Total
$
$
Dr.
Unadjusted
Trial Balance
20,160
0
4,200
5,040
0
0
0
29,400
$
$
Cr.
0
8,400
21,000
0
$
29,400 $
Dr.
Adjustments
0
0
0
0
0
0
$
$
Cr.
0
0
0
0
>
$
$
Check my work
Dr.
Adjusted
Trial Balance
20,160
0
0
0
0
0
0
20,160
$
$
Cr.
0
0
0
0
0

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