Question

Journalize the adjusting entries from the adjustments columns of the worksheet. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation Debit Credit Mar. 31 enter an account title to record adjusting entry for supplies on March 31 enter a debit amount enter a credit amount enter an account title to record adjusting entry for supplies on March 31 enter a debit amount enter a credit amount (To record adjusting entry for supplies.) Mar. 31 enter an account title to record adjusting entry for depreciation on March 31 enter a debit amount enter a credit amount enter an account title to record adjusting entry for depreciation on March 31 enter a debit amount enter a credit amount (To record adjusting entry for depreciation.) Mar. 31 enter an account title to record adjusting entry for unearned service revenue on March 31 enter a debit amount enter a credit amount enter an account title to record adjusting entry for unearned service revenue on March 31 enter a debit amount enter a credit amount (To record adjusting entry for unearned service revenue.) Mar. 31 enter an account title to record adjusting entry for salaries and wages expenses on March 31 enter a debit amount enter a credit amount enter an account title to record adjusting entry for salaries and wages expenses on March 31 enter a debit amount enter a credit amount (To record adjusting entry for salaries and wages expenses.)

Answer 1

Answer:

The following are the adjusting entries and the amounts entered are supposed and imaginary.

Explanation:

Date          Account Titles and Explanation        Debit          Credit

Mar. 31          Supplies Expense  Dr                    10,000

                          Supplies Account  Cr                                 10,000

When supplies are expensed out. If supplies have a balance of 30000 and 10000 is used up.

Mar. 31         Depreciation Expense  Dr             5000

                    Accumulated Depreciation  Cr                        5000

Depreciation expense amounts to 5000 for the current year

Mar. 31      Unearned Service Revenue Dr      3000

                         Service Revenue      Cr                         3000

Unearned Service Revenue is a liability of the person or company.

Mar 31.   Salaries and Wages Expenses  Dr      2000

                                Cash      Cr                                     2000

Slaries and wages paid in full by cash to 2000