apter 3 Quiz 7 of 10 This Quiz: 10 pts po at July 31, 2018, are given for RCO to

Question

apter 3 Quiz 7 of 10 This Quiz: 10 pts po at July 31, 2018, are given for RCO to view the data) More lrt 400 b. Prepaid rent expires, $400 c.Interest expense accrued, $200 d. Employee salaries owed for Monday through Thursday of a five-day workweek; weekly payroll, $12,000 e. Unearned revenue earned, $1.200 f. Office supplies used, $400 Suppose the adjustments made in Requirement 1 were not made. Compute the overall ove d be y list or enter any number in the input fields and then continue to the next question

Explanation / Answer

Adjusting Journal Entries Date Particulars Dr. Amt. Cr. Amt. a. Depreciation Expense       300.00    Accumulated Depreciation       300.00 (To record the depreciation expense) b. Rent Expense       400.00    Prepaid Rent       400.00 (To record the rent expense) c. Interest Expense       200.00    Interest Payable       200.00 (To record the interest accrued) d. Salaries & Wages Expense    9,600.00    Salaries & Wages Payable    9,600.00 (To record the salaries accrued) e. Unearned Revenue    1,200.00    Service Revenue    1,200.00 (Tpop record the revenue earned) f. Supplies Expense       400.00    Office Supplies       400.00 (To record the supplies used)

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