Question

April 1: Debit: Prepaid Advertising ($675) Credit: Cash ($675) April 3: Debit: Rent Expense ($400) Credit: Cash ($400) April 5: Debit: Cash ($640) Credit: Accounts Receivable ($640) April 5: Debit: Salaries Expense ($1,430 for April) Debit: Salaries Expense ($770 for March) Credit: Salaries Payable ($2,200) April 12: Debit: Cash ($1,600) Credit: Service Revenue ($1,600) April 15: Debit: Equipment ($1,000) Credit: Accounts Payable ($1,000) April 20: Adjusting Entries: Supplies Adjustment: Debit: Supplies Expense Credit: Supplies Accrued Salaries Adjustment: Debit: Salaries Expense Credit: Salaries Payable Depreciation Adjustment: Debit: Depreciation Expense Credit: Accumulated Depreciation Unearned Revenue Adjustment: Debit: Unearned Service Revenue Credit: Service Revenue Advertising Adjustment: Debit: Prepaid Advertising Credit: Advertising Expense Interest Revenue Adjustment: Debit: Interest Receivable Credit: Interest Revenue Debit: Accounts Payable ($500) Credit: Cash ($500) April 22: Debit: Supplies Expense ($200) Credit: Accounts Payable ($200) April 25: Debit: Salaries Expense ($800) Credit: Cash ($800) April 27: Debit: Accounts Receivable ($610) Credit: Service Revenue ($610) April 29: Debit: Cash ($270) Credit: Unearned Service Revenue ($270) Posting to Ledger Accounts: Now, each transaction will be posted to the corresponding ledger accounts: Cash Prepaid Advertising Rent Expense Accounts Receivable Salaries Payable Salaries Expense Service Revenue Equipment Accounts Payable Supplies Supplies Expense Depreciation Expense Unearned Service Revenue Interest Receivable Interest Revenue Advertising Expense

          April 1:
Debit: Prepaid Advertising ($675)
Credit: Cash ($675)
April 3:
Debit: Rent Expense ($400)
Credit: Cash ($400)
April 5:
Debit: Cash ($640)
Credit: Accounts Receivable ($640)
April 5:
Debit: Salaries Expense ($1,430 for April)
Debit: Salaries Expense ($770 for March)
Credit: Salaries Payable ($2,200)
April 12:
Debit: Cash ($1,600)
Credit: Service Revenue ($1,600)
April 15:
Debit: Equipment ($1,000)
Credit: Accounts Payable ($1,000)
April 20:
Adjusting Entries:
Supplies Adjustment:
Debit: Supplies Expense
Credit: Supplies
Accrued Salaries Adjustment:
Debit: Salaries Expense
Credit: Salaries Payable
Depreciation Adjustment:
Debit: Depreciation Expense
Credit: Accumulated Depreciation
Unearned Revenue Adjustment:
Debit: Unearned Service Revenue
Credit: Service Revenue
Advertising Adjustment:
Debit: Prepaid Advertising
Credit: Advertising Expense
Interest Revenue Adjustment:
Debit: Interest Receivable
Credit: Interest Revenue
Debit: Accounts Payable ($500)
Credit: Cash ($500)
April 22:
Debit: Supplies Expense ($200)
Credit: Accounts Payable ($200)
April 25:
Debit: Salaries Expense ($800)
Credit: Cash ($800)
April 27:
Debit: Accounts Receivable ($610)
Credit: Service Revenue ($610)
April 29:
Debit: Cash ($270)
Credit: Unearned Service Revenue ($270)
Posting to Ledger Accounts:
Now, each transaction will be posted to
the corresponding ledger accounts:
Cash
Prepaid Advertising
Rent Expense
Accounts Receivable
Salaries Payable
Salaries Expense
Service Revenue
Equipment
Accounts Payable
Supplies
Supplies Expense
Depreciation Expense
Unearned Service Revenue
Interest Receivable
Interest Revenue
Advertising Expense

April 1:
Debit: Prepaid Advertising (675)
Credit: Cash (675)
April 3:
Debit: Rent Expense (400)
Credit: Cash (400)
April 5:
Debit: Cash (640)
Credit: Accounts Receivable (640)
April 5:
Debit: Salaries Expense (1,430 for April)
Debit: Salaries Expense (770 for March)
Credit: Salaries Payable (2,200)
April 12:
Debit: Cash (1,600)
Credit: Service Revenue (1,600)
April 15:
Debit: Equipment (1,000)
Credit: Accounts Payable (1,000)
April 20:
Adjusting Entries:
Supplies Adjustment:
Debit: Supplies Expense
Credit: Supplies
Accrued Salaries Adjustment:
Debit: Salaries Expense
Credit: Salaries Payable
Depreciation Adjustment:
Debit: Depreciation Expense
Credit: Accumulated Depreciation
Unearned Revenue Adjustment:
Debit: Unearned Service Revenue
Credit: Service Revenue
Advertising Adjustment:
Debit: Prepaid Advertising
Credit: Advertising Expense
Interest Revenue Adjustment:
Debit: Interest Receivable
Credit: Interest Revenue
Debit: Accounts Payable (500)
Credit: Cash (500)
April 22:
Debit: Supplies Expense (200)
Credit: Accounts Payable (200)
April 25:
Debit: Salaries Expense (800)
Credit: Cash (800)
April 27:
Debit: Accounts Receivable (610)
Credit: Service Revenue (610)
April 29:
Debit: Cash (270)
Credit: Unearned Service Revenue (270)
Posting to Ledger Accounts:
Now, each transaction will be posted to
the corresponding ledger accounts:
Cash
Prepaid Advertising
Rent Expense
Accounts Receivable
Salaries Payable
Salaries Expense
Service Revenue
Equipment
Accounts Payable
Supplies
Supplies Expense
Depreciation Expense
Unearned Service Revenue
Interest Receivable
Interest Revenue
Advertising Expense

Added by Eduardo P.

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