Qur ACCT 111 Final Examx iz Tools O Dr. Service Revenue 3,500 CrUneamed Revenue

Question

Qur ACCT 111 Final Examx iz Tools O Dr. Service Revenue 3,500 CrUneamed Revenue 3,500 Dr.Service Revenue 1,500 Gr Unearned Revenu 1.500 D? Question 7 Refer to data to answer this question-recod adqusting entris forium Services The journal entry to record adjusting entry d ODr. Salary Expense 2,500 C: Salury Pepile 2,500 Dr. Salary Payable 1,200 C Salary Expense 1.200 Dr. Salary Payable 2,500, C Salary Espense 2,500 D I Question 8 Refer to data to answer this question- use data from Deavours adasted trial balance to aulte the following Net Income ot Net Loss) is Net loss 1.200

Explanation / Answer

No information of Trial balance is available in this question. So we are not able to calculate the amount of expenses and payable in the adjustment entries. Adjustment entries 7, Salary expenses but not paid Dr. Salary expenses Cr. Salary payable 8, Adjustment entry for supplies consumed Dr. Supplies expenses Cr. Supplies 5, Insurance expenses expired, Dr. Insurance Expenses   Cr. Prepaid Insurance

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