A select list of transactions for Anuradha\'s Goals follows: (Click the icon to

Question

A select list of transactions for Anuradha's Goals follows: (Click the icon to view the transactions.) For each transaction, identify what type of adjusting entry would be needed. Select from the following four types of adjusting entries: deferred expense, deferred revenue, accrued expense, and accrued revenue Apr.Paid six months of rent, $4,800. Received $1,200 from customer for six month service contract that began 10 April 1. 15 Purchased a computer for $1,000. 18 Purchased $300 of office supplies on account 30 Work performed but not yet billed to customer, $500 30 Employees earned $600 in salaries that will be paid May 2. Accrued expense Accrued revenue Deferred expense Deferred revenue

Explanation / Answer

Identify :

Apr 1 paid six month of rent, $4800 Deferred expense Apr 10 Received $1200 from customer for six month service contract that began april 1 Deferred revenue Apr 15 Purchased a computer for $1000 No adjustment Apr 18 Purchased $300 of office supplies on account accured expense Apr 30 Work performed but not yet billed to customer $500 Accured revenue Apr 30 Employees earned $600 in salaries that will be paid may 2 Accured expense

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