Answer:
cash 15,000 debit
account receivables 15,000 credit
cash 3,000 debit
A/R 5,000 debit
service revenue 8,000 credit
COGS 6,800 debit
Merchandise half dozen,800 credit
Greenbacks 4,000 debit
A/R 4,000 credit
Cash 2,500 debit
*unearned revenue two,500 credit
**utilties payable 800 debit
cash 800 credit
salaries expense three,500 debit
cash three,500 debit
***prepaid expene 375 debit
prepaid insurance one,125 debit
cash 1,500 credit
repairs expense 700 debit
greenbacks 700 credit
utilities expense 900 debit
utilities payable 900 credit
Explanation:
We will record post-obit the debit = credit rule
* Information technology will be considered unearned revenue as nosotros didn'0t perform the services we accept the obligation to do then therefore, information technology is a liability.
**every bit the expense was recorded previously a payable was created to recognize the obligation to pay our utilities. Therefore, we write-off the payable
*** i,500 is the full contract value for iv months:
1,500 / 4 = 375 per month
one most is declared as expense and the remainder as prepaid.
0 Response to "Education, Hard Work, Material Comfort, and Individualism Can Be Said to Be Bound Up in"
Post a Comment