C https//www dnierv oom/inventory/p convinventory/page/3/showksortby&beywoed&sea
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Question
C https//www dnierv oom/inventory/p convinventory/page/3/showksortby&beywoed&search locationSsearchcond Homework: Chapter 4 homework Score: 0 ot 3 pts E4A-27 (similar to) Lucas Archillects recorded the following adjusting entries as of December 31 (Cick the kcon to vinw the indormation) leurake necessary reverig enties br Lucas Arda-ch (Record-first, then entries for Lucas Archiltects (Record debits frst, then oredts Select the explanation on the last line of the jpournal entry lable. it a reverning entry is not sequired, solect "Wo entry rquitrod" on the Srst liee of the last a. Service Revenue accrued $1,600 Debit Jan More Int a. Service Revenue acorued $1,600 b Unearnmed Revenue halt has been earned, $1,300 . Office Supplies on hand $575. The balance of the Office Supplies account was $840 d. Salaries owed to employees, $850 e. One month of Prepaid Rent has expired, $2 500 . Depreciation on equipment $1,150 Print Done ose from any ist or enter any humber in the input fhelds and then click Check Answer 5 iningExplanation / Answer
$ 1600
Though utmost care has been taken, but due to the fact that the image attached is too blurred,there may be a chance that I have taken a wrong amount in 1 or 2 entries. Please check it once with the question. As for the journal entry it is correct dont worry about that. Also, please mark the answe as helpful for other students to acknowledge. Thanks !!
1. Service Revenue$ 1600
Accounts Receivable $ 1600 (reversal of accrued revenue) 2. Unearne Revenue $ 1300 Cash $ 1300 (record reversal of unearned revenue) 3. Supplies $ 840 Supplies Epxenses $ 840 (record reversal of unearned revenue) 4. Salaries Payable $ 850 Salaries Expense $ 850 (recored reversal of salaries expenses) 5. Prepaid rent $ 2500 Rent expenses $ 2500 (record reversal of rent expenses) 6. Acc Dep $ 1150 Depreciation $1150 (record reversal of dep)Related Questions
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