WebNov 20, 2024 · Unearned service revenue amounted to $260 at March 31. Accrued salaries are $700. Posted 4 months ago View Answer Q: Journalize the adjusting entries from the adjustments columns of the worksheet. Journalize the closing entries from the financial statement columns of the worksheet. WebUnearned service revenue amounted to $260 at March 31. 4. Accrued salaries are $700. Instructions: (a) Enter the trial balance on a worksheet and complete the worksheet. (b) …

Chapter 3 Problems Flashcards Quizlet

WebThe trial balance columns of the worksheet for Warren Roofing at March 31, 2024, are as follows. Other data:1. A physical count reveals only $480 of roofing supplies on hand.2. … WebA small business uses manually maintained accounts in a T-account format. During the company's first month of operations, transactions in the amount of $22,000 were posted as debits to the Accounts Receivable T-account and transactions totaling $17,000 were posted as credits to that T-account. chop mukilteo

Completing the Accounting Cycle

WebWhen the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $200 was performed prior to June 30. 6. A debit posting to Salaries and Wages Expense of $1,200 was omitted. 7. A payment on account for $350 was credited to Cash for $350 and credited to Accounts Payable for $350. 8. WebOn 31 st May, a contractor received $100,000 for a project to be executed over ten months. The $10,000 would be recognized as income for the next ten months in the contractor’s books. The total amount received would be recorded as unearned income as the project is yet to be completed. Example #4 Mar 31, 2024 · chopeira heineken lojas