How would I go about adjusting the following entries (which is debit, which is credit)?

Question

I need to know what to debit and what to credit (1 dr and 1 cr for each) for the following adjustment data:

1. Accrued accounting servic erevenue at July 31st, $900
2. Prepaid rent expired during the month. The unadjusted balance of prepaid rent relates to the period July through october
3. Supplies on hand at July 31st, $400
4. Depreciation on furniture for the month. The estimated useful life of the furniture is 4 years.
5. Accrued salary expense at July 31st for 1 day only. The 5-day weekly payroll is $1,000

Thanks in advance

how can there be only one debit or credit per question? if you debit something, you must credit something else

for example,

1. dr xxxxxxxxx
cr xxxxxxxxxxx

and so on

Answer 1

1 debit

2 debit

3 debit

4 credit

5 credit

I think

Answer 2

confident. The beg stability would be credited each month over the coverage era. The debit would be to rate. the quantity of the credit and debit each month may be the finished prepayment divided by employing the no. of months of the coverage era.

Answer 3

!. credit col. (income) 2. debit (expenditures) 3.debit (expenditures) 4. Tricky question, is the adj data for your monthly balance sheet?, or for I.R.S. . bal sheet 4. is debit 5.$200.00 debit. hope this helps, GOOD LUCK!

Answer 4

accrued rev 900
acc rec 900
....ahhhaahhh..ahh.. i gave all my learned back to the professor
sorry

Answer 5

Try this accounting website...

http://www.creditmanagementworld.com