The adjustments columns of the worksheet for Becker Company are shown below Adju

Question

The adjustments columns of the worksheet for Becker Company are shown below Adjustments Account Titles Debit Credit Accounts Receivable Prepaid Insurance Accumulated Depreciation Salaries and Wages Payable Service Revenue Salaries and Wages Expense Insurance Expense Depreciation Expense 1,240 300 800 460 1,240 -Equipment 460 300 800 2,800 2,800 Prepare adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit To record service revenue on account)

Explanation / Answer

Adjusting entry :

Classification

Date account and explanation debit credit Account receivable 1240     Service revenue 1240 (To record service revenue) Insurance expense 300     Prepaid insurance 300 (To record insurance expired) Depreciation expense 800     Accumlated depreciation 800 (To record depreciation) Salary and wages expense 460        Salary and wages payable 460 (To record accured salaries)

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