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Otis Company accumulates the following adjustment data at December 31. Services provided but not recorded total $1,420. Supplies of $300 have been used.

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Otis Company accumulates the following adjustment data at December 31.
1.  Services provided but not recorded total $1,420.
2.  Supplies of $300 have been used.
3.  Utility expenses of $225 are unpaid.
4.  Unearned service revenue of $260 is recognized for services performed.
5.  Salaries of $800 are unpaid.
6.  Prepaid insurance totaling $380 has expired.
Instructions
For each of the above items indicate the following.
(a)  Journalize the entry
Otis Company
General Journal Entry
DateAccount TitleDebit Credit 
 
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The accounts in the ledger of Talbot Delivery Service contain the following balances on July 31, 2014. Accounts Receivable $10,642 Prepaid Insurance $  1,968

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The accounts in the ledger of Talbot Delivery Service contain the following balances on July 31, 2014.
Accounts Receivable$10,642 Prepaid Insurance$  1,968
Accounts Payable8,396Maintenance and Repairs Expense961
Cash?Service Revenue10,610
Equipment49,360Dividends700
Gasoline Expense758Common Stock40,000
Utilities Expense523Salaries and Wages Expense4,428
Notes Payable26,450Salaries and Wages Payable815
Retained Earnings4,636
 
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On Jan 1, 2017, Alpha Company purchased a significant influence shares investment in the Bravo-Zulu Company for $250,000.

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On Jan 1, 2017, Alpha Company purchased a significant influence shares investment in the Bravo-Zulu Company for

$250,000. The investment balance represents 30% of the equity of the Bravo-Zulu Company. During 2017, Bravo-Zulu Company reported Net Income of $25,000 on Nov 15, 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders. Use this information to prepare the Jan 1, Nov 15 and Dec 21, 2017 General Entry Journal Entry (without explanation.) If no entry is required, the write ” No Entry Required.”

 
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On Jan 2, 2017, Alpha Company purchased 10,000 shares of the stock of Zulu Company, and did not obtain significant influence. The investment is intended as a long-term investment.

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On Jan 2, 2017, Alpha Company purchased 10,000 shares of the stock of Zulu Company, and did not obtain significant

influence. The investment is intended as a long-term investment. The stock was purchased for $10 per share, and represents a 12% ownership stake. Zulu Company made $25,000 of net income in 2107, and paid dividends of $11,000 on Dec 15,2017. On Dec 31, 2017, Zulu Company’s stock was trading on the open market for $9 per share at the end of the year. Use this information to prepare the General Journal entr(res) (without explanation) for Jan 2 purchase and the Dec 15 & 31, 2017 record of income & gain/loss. If no entry is required then write ” No Entry Required.”

 
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