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