The unadjusted trial balance of Sheridan Exposure Inc. had these balances for the following select accounts: Supplies $4,300, Unearned Service Revenue $9,250, and Prepaid Rent $1,920. At the end of the period, a count showed $960 of supplies on hand. Services of $4,100 had been performed related to the unearned revenue account, and one month's worth of rent, worth $640, had been consumed by Sheridan Exposure. Record the required adjusting entries related to these events. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. Supplies Expense 2. 3. Supplies (To record supplies used) Unearned Service Revenue Service Revenue (To record revenue for services performed) Rent Expense Prepaid Rent (To record rent expired) Debit 3,340 0 Credit 3,340 00 00

The unadjusted trial balance of Sheridan Exposure Inc. had these balances for the following select accounts: Supplies $4,300, Unearned Service Revenue $9,250, and Prepaid Rent $1,920. At the end of the period, a count showed $960 of supplies on hand. Services of $4,100 had been performed related to the unearned revenue account, and one month's worth of rent, worth $640, had been consumed by Sheridan Exposure. Record the required adjusting entries related to these events. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. Supplies Expense 2. 3. Supplies (To record supplies used) Unearned Service Revenue Service Revenue (To record revenue for services performed) Rent Expense Prepaid Rent (To record rent expired) Debit 3,340 0 Credit 3,340 00 00

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter2: Analyzing Transactions

Section: Chapter Questions

Problem 2PB: Journal entries and trial balance On August 1, 20Y7, Rafael Masey established Planet Realty, which...

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