Question

The unadjusted trial balance of Drone Delivery at December​ 31, ​, appears below. The data needed for the​ month-end adjustments also appear below. Journalize the adjusting entries on December 31. a. Unearned delivery revenue still remaining to be earned at December​ 31, ​$880. b. Prepaid rent still available at December​ 31, $2800. c. Supplies used during the​ month, ​$490. d. Amortization on drones for the​ month, ​$680. e. Accrued utilities expense at December​ 31, $225​(Credit Accounts​ Payable.) f. Accrued salaries expense at December​ 31, ​$.1980

Answer 1

DETAILS GIVEN IN QUESTION:

Month end adjustment details are given for passing adjustment journal entries.

ANSWER:

SR.NO.	PARTICULARS	L/F	DEBIT $	CREDIT $
a.	UNEARNED DELIVERY REVENUE A/C		880
	TO TRADE RECIEVABLE A/C			880
	[Reversal of Unearned Delivery revenue as remained unearned]
b.	PREPAID RENT A/C		2,800
	TO RENT (EXPENSE) A/C			2,800
	[Prepaid rent available]
c.	CONSUMPTION A/C		490
	TO INVENTORY A/C			490
	[Supplies consumed during the month]
d.	AMORTIZATION / DEPRECIATION A/C		680
	TO DRONES (ASSET) A/C			680
	[Amortization for the month]
e.	UTILITY EXPENSE A/C		225
	TO ACCOUNTS PAYABLE A/C			225
	[Accrued utility expense]
f.	SALARY EXPENSE A/C		1,980
	TO SALARIES PAYABLE A/C			1,980
	[Accrued Salary expense]