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.

Question

Business

Kaylah Santiago

5 February, 17:38

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.

+4

Answers (1)

Know the Answer?

Gordon Hoover · Answer 1

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