Daube Industries’ operations for the month of October are summarized as follows: Provided $5,800 of services...

Daube Industries’ operations for the month of October are summarized as follows: Provided $5,800 of services on account. Received $3,900 cash for services provided in October. Received $1,600 cash for services to be provided in November. Received $2,700 cash on account for service provided in September. Paid September’s warehouse rental bill on account in the amount of $1,400. Received October’s rental bill of $1,300; set it aside. Required: Prepare journal entries to record the transactions identified among activities (A) through (F). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Expert Solution

Transaction	General Journal	Debit	Credit
A	Accounts receivable	$ 5,800.00
	Service revenue		$ 5,800.00

B	Cash	$ 3,900.00
	Service revenue		$ 3,900.00

C	Cash	$ 1,600.00
	Unearned service revenue		$ 1,600.00

D	Cash	$ 2,700.00
	Accounts receivable		$ 2,700.00

E	Rent expense	$ 1,400.00
	Cash		$ 1,400.00

F	Rent expense	$ 1,300.00
	Rent payable		$ 1,300.00

ekkarill92 answered 10 months ago

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