3. Depreciation for the month is $125.
Debit Depreciation expense $125
Credit Accumulated Depreciation $125
1. Supplies on hand at October 31 total $700.
Debit Supplies Expense $2,030
Credit Supplies $2,030
2. Expired insurance for the month is $121.
Debit Insurance Expense $121
Credit Prepaid Insurance $121
3. Depreciation for the month is $125.
Debit Depreciation expense $125
Credit Accumulated Depreciation $125
4. As of October 31, services worth $944 related to the previously recorded unearned revenue had been performed.
Debit Unearned Revenue $944
Credit Service Revenue $944
5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $226.
Debit AR $226
Credit Service Revenue $266
6. Interest expense accrued at October 31 is $76.
Debit Interest Expense $76
Credit Interest Payable $76
7. Accrued salaries at October 31 are $1,510.
Debit Salaries Expense $1,510
Credit Salaries Payable $1,510
This post is last updated on hrtanswers.com at Date : 1st of September – 2022