Preparing an adjusted trial balance
I am preparing an Adjusted trial balance for a class, the answer is at the bottom and I can't get my answer to compare.
Here is where I might have made a mistake.
4 Received $3,950 cash from Alex’s Engineering Co. for the receivable from November.
Credit cash
Debt acct receivable
Should I have credited computer service revenue?
Because...
20 Completed a project for Chang Corporation and received $5,625 cash.
Here I
Credit 5625 to cash
Debit computer service revenue
Are both of these right? Seems like the $5,625 was computer service revenue also but it never saw that account. Should I put it there?
This one I really am not sure about..
14 Notified by Alex’s Engineering Co. that Success’s bid of $7,000 on a proposed project has been accepted. Alex’s paid a $1,500 cash advance to Success Systems.
When I first did it I ignored the $5,500 all together and just
Credit cash for $1,500
Debit unearned computer service $1,500
I have been looking at this problem for days, it is driving me crazy, and the more I look at it I think I should do something with the $5,500 but if I put it in as unearned service revenue and account receivable the answer is over another $5,500 because I am all ready $4,950 over on my answer.
:confused:
29 Reimbursed Breeze’s business automobile mileage (600 miles at $0.32 per mile).
Credit milage expense 192
Debit cash 192
Is that right or is it different when you pay the business mileage and not an employee?
Thanks for any hep!