Answer:
the journal entries for the unrecorded transactions are:
a. Taping services in the amount of $994,000 were billed.
Dr Accounts receivable 994,000
Cr Service revenue 994,000
b. The accounts receivable at the beginning of the year were collected.
Dr Cash 384,000
Cr Accounts receivable 384,000
c. In addition, cash for $983,000 of the services billed in transaction a was collected.
Dr Cash 983,000
Cr Accounts receivable 983,000
d. The rent payable for the building was paid. In addition, $48,000 of building rental costs was paid in cash. There was no rent payable or prepaid at year-end.
Dr Rent expense 48,000
Dr Rent payable 10,000
Cr Cash 58,000
e. The equipment rent payable on January 1 was paid. In addition, $84,000 of equipment rental costs was paid in cash. There was no rent payable or prepaid at year-end.
there is no equipment rent payable
Dr Equipment rent expense 84,000
Cr Cash 84,000
f. Utilities expense of $56,000 was incurred and paid in 2009.
Dr utilities expense 56,000
Cr Cash 56,000
g. Salaries expense for the year was $702,000. All $702,000 was paid in 2009.
Dr Salaries expense 702,000
Cr Cash 702,000
h. The interest payable at January 1 was paid. During the year, an additional $11,000 of interest was paid. At year-end no interest was payable.
Dr Interest expense 11,000
Dr Interest payable 100,000
Cr Cash 111,000
i. Income taxes for 2009 in the amount of $19,700 were incurred and paid.
Dr Taxes expense 19,700
Cr Cash 19,700
