At December 31 of the current year, Sunland Corporation had a
number of items that were not reflected in its accounting records.
Maintenance and repair costs of $800 were incurred but not paid.
Utilities costing $270 were used but not paid, and use of a
warehouse space worth $1,970 was provided to a tenant who had not
been billed as of the end of the month.
Record the required adjusting entries related to these events.
(If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts. Credit account titles
are automatically indented when the amount is entered. Do not
indent manually.)
Date |
Account Titles and Explanation |
Debit |
Credit |
---|---|---|---|
Dec. 31 |
enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
(To record maintenance and repairs costs) | |||
Dec. 31 |
enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
(To record utilities) | |||
Dec. 31 |
enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
(To record warehouse rent) |
Note : Instead of using Accounts Payable you can also use Repair and Manitenance Expense Payable / Utilities Expense Payable.
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