Ask Question
7 April, 06:59

Supplies on hand at October 31 total $620. 2. Expired insurance for the month is $115. 3. Depreciation for the month is $60. 4. As of October 31, services worth $880 related to the previously recorded unearned revenue had been performed. 5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $320. 6. Interest expense accrued at October 31 is $90. 7. Accrued salaries at October 31 are $1,540.

+5
Answers (1)
  1. 7 April, 10:32
    0
    The answer is given below;

    Explanation:

    It is assumed that supplies in Un-adjusted trial balance were $700

    Supplies Expense Dr.$620

    Supplies Cr.$620

    2. Insurance Expense Dr.$115

    Prepaid Insurance Cr.$115

    3. Depreciation Expense Dr.$60

    Accumulated Depreciation Cr.$60

    4. Unearned Service Revenue Dr.$880

    Service Revenue Cr.$880

    5. Accounts Receivable Dr.$320

    Service Revenue Cr.$320

    6. Interest Expense Dr.$90

    Interest Payable Cr.$90

    7. Salaries Expense Dr.$1,540

    Salaries Payable Cr.$1,540
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Supplies on hand at October 31 total $620. 2. Expired insurance for the month is $115. 3. Depreciation for the month is $60. 4. As of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers