a. used office supplies of $ 1 comma 100$1,100. b. used prepaid insurance of $ 6
ID: 2559196 • Letter: A
Question
a. used office supplies of $ 1 comma 100$1,100. b. used prepaid insurance of $ 600$600. c. depreciated? equipment, $ 460$460. d. accrued salaries expense of $ 330$330 that? hasn't been paid yet. e. earned $ 370$370 of unearned revenue. Sparkle Clean Company Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $1,100 Office Supplies 2,000 Prepaid Insurance 700 Equipment 22,000 Accumulated Depreciation—Equipment $3,000 Accounts Payable 1,500 Salaries Payable Unearned Revenue 400 Common Stock 10,900 Dividends 2,000 Service Revenue 20,000 Salaries Expense 8,000 Supplies Expense Depreciation Expense—Equipment Insurance Expense Total $35,800 $35,800 Sparkle Clean Company Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $1,100 Office Supplies 2,000 Prepaid Insurance 700 Equipment 22,000 Accumulated Depreciation—Equipment $3,000 Accounts Payable 1,500 Salaries Payable Unearned Revenue 400 Common Stock 10,900 Dividends 2,000 Service Revenue 20,000 Salaries Expense 8,000 Supplies Expense Depreciation Expense—Equipment Insurance Expense Total $35,800 $35,800 The unadjusted trial balance for Sparkle Clean Company, a cleaning service, is as follows During the 12 months ended December 31, 2018, Sparkle Clean completed the following transactions: (Click the icon to view the transactions.) Read the requirements EE (Click the icon to view the unadjusted trial balance.) Requirement 1. Journalize the adjusting entries using the letter and December 31 date in the date column. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Used office supplies of $1,100 Date Accounts and Explanation Debit Credit (a) Dec. 31Supplies Expense Office SuppliesExplanation / Answer
Adjusting entry
No Accounts & explanation debit credit a Supplies expense 1100 Office supplies 1100 (To record supplies used) b Insurance expense 600 Prepaid insurance 600 (To record used insurance) c Depreciation expense 460 Accumlated depreciation 460 (To record depreciation) d Salary expense 330 Salary payable 330 (To record salary payable) e Unearned revenue 370 Service revenue 370 (To record revenue earned)Related Questions
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