* Question 21 The unadjusted trial balance for Bridgeport Corp. is shown below.
ID: 2330712 • Letter: #
Question
* Question 21 The unadjusted trial balance for Bridgeport Corp. is shown below. BRIDGEPORT CORP Trial Balance October 31, 2017 Credit Debit $16,000 2,720 720 5,470 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $5,470 2,120 1,360 10,530 700 13,410 4,000 3,280 $32,890 $32,890 Assume the following adjustment data. 1. Supplies on hand at October 31 total $640. 2. Expired insurance for the month is $120 3. Depreclation for the month is $85, As of October 31, services worth $950 related to the previously recorded unearned revenue had been performed. s. Services performed but unbiled (and no receivable has been recorded) at October 31 are $280 6. Interest expense accrued at October 31 is $85, 7. Accrued salaries at October 31 are $1,425 Prepare the adjusting entries for the items above. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Date Account Titles and Explanation 1. Oct. 31 2. Oct. 31 ugen wilevolus com/edugen/sharedfassignmenutest/qprint.uniExplanation / Answer
Journal entry :
No Date account and explanation debit Credit 1 Oct 31 Supplies expense 2080 Supplies 2080 2 Oct 31 Insurance expense 120 Prepaid insurance 120 3 Oct 31 Depreciation expense 85 Accumlated depreciation 85 4 Oct 31 Unearned service revenue 950 Service revenue 950 5 Oct 31 Account receivable 280 Service revenue 280 6 Oct 31 Interest expense 85 Interest payable 85 7 Oct 31 Salary expense 1425 Salary payable 1425Related Questions
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