Question

X Х T13-3 (similar to) * More Info Startech Surveillance Services had the follow (Click the icon to view the adjustments.) a. Equipment depreciation was $1,300 6. For each situation, indicate which categor b. $600 of advertising expense was incurred but not paid. (Use Advertising Payable.) 7. Journalize the adjusting entry needed. c. Office Supplies on hand at the end of the year totaled $400. The beginning balance of Office Supplies was $700. (Assume no office supplies were purchased during the period.) deferral d. $1,000 of rent revenue was earned but not recorded or received. accrual e. Unearned revenue of $2,200 has been earned. deferral accrual Print Done deferral 7. Joumalize the adjusting entry needed. (Record debits first, then credits. Select the explanation on the last line of journal entry table.) a. Equipment depreciation was $1,300 Date Accounts and Explanation Debit Credit b d

Answer 1

Solution:

Date	Accounts and Explanation	Debit	Credit
[a]	Depreciation Expense-Equipment	$    1,300
	Accumulated Depreciation-Equipment		$    1,300
	(To record depreciation expense)
[b]	Advertising Expense	$        600
	Adertising Payable		$        600
	(To record advertising expense)
[c]	Supplies Expense	$        300
	Supplies		$        300
	(To record supplies expense recorded)
[d]	Accounts Receivable	$    1,000
	Rent Revenue		$    1,000
	(To record rent revenue)
[e]	Cash	$    2,200
	Unearned Revenue		$    2,200
	(To record unearned revenue)