4) The accounting records of Mason Service Company include the following selecte

Question

4) The accounting records of Mason Service Company include the following selected, unadjusted balances at June 30: Accounts Receivable, $2,700, Office Supplies, $1,800; Rent Expense, S0; Salaries Expense, S15,000; Service Revenue, $40,500. ; Accumul e following data developed for adjusting entries are as follows: a. Service revenue accrued, $1,400 b. Unearned Revenue that has been earned, $800 Office Supplies on hand, 5700 d. Salaries owed to employees, $1,800 e. One month of prepaid rent has expired, $1,200 Depreciation on equipment, $1,500 lournalize the adjusting entries. Omit explanations Accounts Debit Credit 2

Explanation / Answer

DR CR a Account Receivable 1400 Sales revenue 1400 b Unearned Revenue 800 Sales revenue 800 c Supplies Expense 1100 Office Supplies 1100 d Salaries Expense 1800 salaries Payable 1800 e Rent Expense 1200 Prepaid Rent 1200 f Depreciation Expense 1500 Accumulated Depreciation Equipment 1500

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