Answer:
31-Mar
Dr Insurance expense $ 330
Cr Prepaid Insurance $ 330
31-Mar
Dr Supplies expense $ 1,865
Cr Supplies $ 1,865
31-Mar
Dr Depreciation expense $ 170
Cr Accumulated Depreciation - Equipment $ 170
31-Mar
Dr Unearned Service Revenue $ 4,640
Dr Service Revenue $ 4,640
Explanation:
Preparation of the adjusting entries for the month of March
Windsor Inc.
Journal entries
31-Mar
Dr Insurance expense $ 330
Cr Prepaid Insurance $ 330
31-Mar
Dr Supplies expense $ 1,865
(2,820-955)
Cr Supplies $ 1,865
31-Mar
Dr Depreciation expense $ 170
Cr Accumulated Depreciation - Equipment $ 170
31-Mar
Dr Unearned Service Revenue $ 4,640 (11,600*2/5)
Dr Service Revenue $ 4,640
