Question

) The accounting records of Mason Service Company include the following selected, unadjusted balances at June...

) The accounting records of Mason Service Company include the following selected, unadjusted balances at June 30: Accounts Receivable, $2,700; Office Supplies, $1,800; Prepaid Rent, $3,600; Equipment, $15,000; Accumulated Depreciation - Equipment, $1,800; Salaries Payable, $0; Unearned Revenue, $2,400; Office Supplies Expense, $2,800; Rent Expense, $0; Salaries Expense, $15,000; Service Revenue, $40,500.
The following data developed for adjusting entries are as follows:

a.   Service revenue accrued, $1,400
b.   Unearned Revenue that has been earned, $800
c.   Office Supplies on hand, $700
d.   Salaries owed to employees, $1,800
e.   One month of prepaid rent has expired, $1,200
f.   Depreciation on equipment, $1,500

Journalize the adjusting entries

Business   Accounting   
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Answer #1

Journal entries

No General Journal Debit Credit
1 Account receivable 1400
Service revenue 1400
2 Unearned revenue 800
Service revenue 800
3 Supplies expense (1800-700) 1100
Office supplies 1100
4 Salaries expense 1800
Salaries payable 1800
5 Insurance expense 1200
Prepaid insurance 1200
6 Depreciation expense 1500
Accumulated depreciation-equipment 1500
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