Acc 290 Week 3 Assignment Essay

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BE4-1 | | | | | | | Cash | Net Income | | | | | | a. -100 | 0 | | | | | | b.0 | -20 | | | | | | c.0 | 1300 | | | | | | d.800 | 800 | | | | | | e. -2500 | 0 | | | | | | f.0 | -600 | | | | | | | | | | | | | | | | | | | | P4-2A | | | | | | | A. Adjusting Entries for June | | | | | | | | | | | | | Date | Account Titles and Explanations | Debit | Credit | | | | 2012 | Adjusting Entries | | | | | | 06/30/12 | Supplies Expense | 1280 | | | | | | Supplies | | 1280 | | | | | (To record Supplies used) | | | | | | 30 | Utilities Expense | 180 | | | | | | Utilities Payable | | 180 | | | | | (to record unpaid utility) | | | | | | 30 | Insurance Expense | 240 | | | | | | Prepaid Insurance | | 240 | | | | | (To record insurance expired) | | | | | | 30 | Unearned Service Revenue | 4100 | | | | | | Service Revenue | | 4100 | | | | | (To record revenue earned) | | | | | | 30 | Salaries and Wage Expense | 1250 | | | | | | Salaries and Wage Payable | | 1250 | | | | | (To record accrued salaries) | | | | | | 30 | Depreciation Expense | 250 | | | | | | Accumulated Depreciation-Equip | | 250 | | | | | (To record monthly depreciation) | | | | | | 30 | Accounts Payable | 3900 | | | | | | Service Revenue | | 3900 | | | | | (To record service revenue earned but not paid) | | | | | | | | | | | | | | | | | | | | B. Post Adjusting Entries-T accounts | | | | | | | | | | | | | | | | | | | | | Cash | | | Accounts Receivable | Balance as of 06/1/2012 | 6850 | | | Balance as of 06/1/2012 | 7000 | | | | | | 06/30/12 | 3900 | | | | | | | | | | | | | | | | | | | | | |
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