Question

Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

(1)		Services performed but unbilled and uncollected at July 31 were $1,600.
(2)		Depreciation on equipment for the month was $170.
(3)		One-twelfth of the insurance expired.
(4)		A count shows $300 of cleaning supplies on hand at July 31.
(5)		Accrued but unpaid employee salaries were $380.

Answer 1

The amount for (3) and (4) adjustments is not given in the question. These entries are recorded withouit the amounts below.

Required journal entries are:

Date	Account Titles	Debit	Credit
Jul 31	Accounts receivable	$1600
	Service revenue		$1600
	(for services performed and unbilled)
Jul 31	Depreciation expense	$170
	Accumulated depreciation		$170
	(for current years' depreciation)
Jul 31	Insurance expense
	Prepaid insurance
Jul 31	Cleaning supplies expense
	Cleaning supplies
Jul 31	Salaries expense	$380
	Salaries payable		$380
	(for unpaid salaries)