2. Expired insurance for the month is $125.
Business, 05.05.2020 04:23, Chapman645
1. Supplies on hand at October 31 total $530.
2. Expired insurance for the month is $125.
3. Depreciation for the month is $75.
4. As of October 31, services worth $920 related to the previously recorded unearned revenue had been performed.
5. Services performed but unbilled (and no receivable has been recorded) at October 31 are $330.
6. Interest expense accrued at October 31 is $80.
7. Accrued salaries at October 31 are $1,460.
Required:
a. Prepare the adjusting entries for the items above.
Answers: 2
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Do you know the correct answer?
1. Supplies on hand at October 31 total $530.
2. Expired insurance for the month is $125.
2. Expired insurance for the month is $125.
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