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3 years ago

1. Supplies on hand are valued at $1,760.

Business

1 answer:

mojhsa [17]3 years ago

3 0

Answer:

Dr Supplies Expense $1,760

Cr Supplies $1,760

Dr Salaries and Wages Expense $550

Cr Salaries and Wages Payable $550

Dr Depreciation Expense $275

Cr Accumulated Depreciation Equipment $275

Dr Unearned Service Revenue $715

Cr Service Revenue $715

Explanation:

Preparation of the adjusting entries.

Dr Supplies Expense $1,760

Cr Supplies $1,760

Dr Salaries and Wages Expense $550

Cr Salaries and Wages Payable $550

Dr Depreciation Expense $275

Cr Accumulated Depreciation Equipment $275

Dr Unearned Service Revenue $715

Cr Service Revenue $715

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4 years ago

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