Solution
Ashish answered on
May 21 2021
BE4-4
Solution-
Date
General Journal
Debit
Credit
Dec. 31
Supplies Expense
$7,700
Supplies
$7,700
Supplies
$8,800
12/31
$7,700
12/31
Bal.
$1,100
Supplies Expense
12/31
$7,700
BE4-5
Solution-
Date
General Journal
Debit
Credit
Dec. 31
Depreciation Expense
$2,750
Accumulated Depreciation— Equipment
$2,750
Depreciation Expense
12/31
$2,750
Accumulated Depreciation— Equipment
12/31
$2,750
Balance Sheet
Equipment
$22,000
Less: Accumulated Depreciation—Equipment
$2,750
$19,250
BE4-6
Solution-
Date
General Journal
Debit
Credit
July 1
Prepaid Insurance
$12,400
Cash
$12,400
Dec. 31
Insurance expense ($12,400*6/24)
$3,100
Prepaid Insurance
$3,100
Prepaid Insurance
7/1
$12,400
12/31
$3,100
12/31
Bal.
$9,300
Insurance expense
12/31
$3,100
BE4-7
Solution-
Date
General Journal
Debit
Credit
July 1
Cash
$12,400
Unearned Service Revenue
$12,400
Dec. 31
Unearned Service Revenue
$3,100
Service Revenue ($12,400*6/24)
$3,100
Unearned Service Revenue
12/31
$3,100
7/1
$12,400
12/31
Bal.
$9,300
Service Revenue
12/31
$3,100
BE4-8
Solution-
S....