Question

Yster Announcements -actice Assignment Gradebook ORION Downloadable eTextbook gnment Credit Cullumber Advertising Trial Balance October 31, 2017 Debit Cash $15,000 Supplies 2,600 Prepaid Insurance 500 Equipment 4,200 Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings 400 Service Revenue Salaries and Wages Expense 4,200 Rent Expense 900 $27,800 $4,600 2,500 1,200 8,700 10,800 $27,800 Assume the following adjustment data. 1. Supplies on hand at October 31 total $600. 2. Expired insurance for the month is $300. 3. Depreciation for the month is $50. 4. Services related to unearned service revenue in October worth $400 were performed. 5 Servicec nerformer hut not recorded at October 31 are dann cy Policy | © 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc.

Answer 1

No.	Date	Account Titles and Explanation	Debit	Credit
1.	Oct. 31	Supplies expense [$2,600 - $600]	$ 2,000
		Supplies		$ 2,000
		[To record supplies expense]
2.	Oct. 31	Insurance expense	$ 300
		Prepaid insurance		$ 300
		[To record insurance expense]
3.	Oct. 31	Depreciation expense	$ 50
		Accumulated depreciation-equipment		$ 50
		[To record depreciation expense]
4.	Oct. 31	Unearned service revenue	$ 400
		Service revenue		$ 400
		[To record unearned service revenue]
5.	Oct. 31	Accounts receivable	$ 300
		Service revenue		$ 300
		[To record service revenue]
6.	Oct. 31	Interest expense	$ 90
		Interest payable		$ 90
		[To record accrued interest]
7.	Oct. 31	Salaries expense	$ 1,100
		Salaries payable		$ 1,100
		[To record accrued salaries]