Note: Journal Entries do NOT contain dollar signs.
Quote:
| Originally Posted by jessica1019 I need some help with these transactions.
1. Accrued salaries, $170
Dr. Salary Expense $170
Cr. Salary Payable $170 |
Correct.
Quote:
| Originally Posted by jessica1019
2. Supplies used, $120
Dr. Supplies Expense $120
Cr. Supplies $120 |
Correct.
Quote:
| Originally Posted by jessica1019
3. Unexpired prepaid insurance, $650 (prepaid insurance has a trial balance of $1200
Dr. Insurance expense $550
Cr. Prepaid insurance $550 |
Correct.
Quote:
| Originally Posted by jessica1019
4. Unearned service revenue on december 31, 20X3, $3200 (unearned service revenue has a balance of 5550
not sure on this one |
Dr. Unearned Service Revenue 2,350
Cr. Revenue 2,350
(5550-3200)
Dec 31, 20X3 is the year end, yes?
Quote:
| Originally Posted by jessica1019
5. Depreication expense, $900 (accumulated dep has a balance of 1200)
not sure on this one |
Dr. Depreciation Expense 900
Cr. Accumulated Depreciation 900
Quote:
| Originally Posted by jessica1019
6. Accrued service revenue, $500
not sure on this one |
Dr. Accounts Receivable 500
Cr. Revenue 500
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