Solve Chegg Question
esmith12314
4-17.docx|
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For each of the above transactions, prepare the adjusting journal entry that is required on December 31. (Hint: Use the account Service Revenue for item 3 and Maintenance and Repairs Expense for item 4.) (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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No. |
Date |
Account Titles and Explanation |
Debit |
Credit |
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1. |
Dec. 31, 2017 |
enter an account title to record the first transaction
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enter a debit amount
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enter a credit amount
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enter an account title to record the first transaction
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enter a debit amount
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enter a credit amount
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2. |
Dec. 31, 2017 |
enter an account title to record the second transaction
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enter a debit amount
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enter a credit amount
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enter an account title to record the second transaction
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enter a debit amount
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enter a credit amount
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3. |
Dec. 31, 2017 |
enter an account title to record the third transaction
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enter a debit amount
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enter a credit amount
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enter an account title to record the third transaction
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enter a debit amount
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enter a credit amount
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4. |
Dec. 31, 2017 |
enter an account title to record the fourth transaction
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enter a debit amount
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enter a credit amount
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enter an account title to record the fourth transaction
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enter a debit amount
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enter a credit amount
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5. |
Dec. 31, 2017 |
enter an account title to record the fifth transaction
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enter a debit amount
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enter a credit amount
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enter an account title to record the fifth transaction
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enter a debit amount
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enter a credit amount
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Your answer is partially correct. Try again. |
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Post the journal entries in parts (a) and (b) to T-accounts and determine the final balance in each account balance. (Note: Posting to the Cash account is not required.) (Round answers to 0 decimal places, e.g. 5,275. Post entries in the order displayed in the problem statement.)
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Prepaid Insurance |
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choose a transaction date
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enter a debit amount
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choose a transaction date
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enter a credit amount
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choose the end date of the accounting period
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enter a debit balance
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choose the end date of the accounting period
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enter a credit balance
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Prepaid Rent |
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choose a transaction date
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enter a debit amount
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choose a transaction date
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enter a credit amount
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choose the end date of the accounting period
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enter a debit balance
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choose the end date of the accounting period
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enter a credit balance
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Unearned Service Revenue |
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choose a transaction date
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enter a debit amount
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choose a transaction date
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enter a credit amount
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choose a transaction date
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enter a debit amount
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choose a transaction date
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enter a credit amount
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choose the end date of the accounting period
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enter a debit balance
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choose the end date of the accounting period
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enter a credit balance
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Prepaid Cleaning |
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choose a transaction date
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enter a debit amount
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choose a transaction date
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enter a credit amount
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choose the end date of the accounting period
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enter a debit balance
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choose the end date of the accounting period
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enter a credit balance
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Insurance Expense |
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choose the end date of the accounting period
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enter a debit balance
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choose the end date of the accounting period
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enter a credit balance
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Rent Expense |
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choose the end date of the accounting period
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enter a debit balance
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choose the end date of the accounting period
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enter a credit balance
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Service Revenue |
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choose a transaction date
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enter a debit amount
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choose a transaction date
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enter a credit amount
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choose a transaction date
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enter a debit amount
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choose a transaction date
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enter a credit amount
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choose the end date of the accounting period
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enter a debit balance
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choose the end date of the accounting period
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enter a credit balance
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Maintenance and Repairs Expense |
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choose the end date of the accounting period
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enter a debit balance
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choose the end date of the accounting period
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enter a credit balance
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Click if you would like to Show Work for this question: |
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Prepaid Insurance
700
Rent Expense
5440
Prepaid Rent
5440
Unearned Service
960
Service Revenue
960
Maintenance and
850
Prepaid Cleaning
850
Unearned Service
950
Insurance Expens
Service Revenue
950
June 1
1200
Dec. 31 Adj.
700
Dec. 31 Bal.
500
700
1200
Aug. 31
6800
Dec. 31 Adj.
5440
Dec. 31 Bal.
1360
Dec. 31 Adj.
6800
