(Adjusting Entries) Selected accounts of Leno Company are shown below.
|
Supplies |
|||
|
Beg. Bal. |
800 |
10 ⁄ 31 |
470 |
|
Salaries and Wages Expense |
|||
|
10 ⁄15 |
800 |
||
|
10 ⁄31 |
600 |
||
|
Unearned Service Revenue |
|||
|
10 ⁄31 |
400 |
10 ⁄20 |
650 |
|
Service Revenue |
|||
|
10 ⁄17 |
2,100 |
||
|
10 ⁄31 |
1,650 |
||
|
10 ⁄31 |
400 |
||
|
Accounts Receivable |
|||
|
10 ⁄ 17 |
2,100 |
||
|
10 ⁄31 |
1,650 |
||
|
Salaries and Wages Payable |
|||
|
10 ⁄31 |
600 |
||
|
Supplies Expense |
|||
|
10 ⁄31 |
470 |
||
Instructions
From an analysis of the T accounts, reconstruct (a) the October transaction entries, and (b) the adjusting journal entries that were made on October 31, 2012. Prepare explanations for each journal entry.