Answer Parts A,B, and C please 4) Anton Decorators had the following selected balances in...

Answer Parts A,B, and C please

4) Anton Decorators had the following selected balances in its accounts on March 1:

Cash	$6,000
Accounts Receivable	2,000
Supplies	1,500
Salary Payable	1,000
Unearned Revenue	4,000
Service Revenue	9,000
Salary Expense	5,000
Supplies Expense	600

A. Draw these T-accounts, putting in the March 1 balances. (Hint: Accounts are expected to have positive balances.)

B. Write the journal entries for the following adjustments made on March 31. Post these entries to the T-accounts.

$1,500 was collected on account.

$800 of revenue was accrued (i.e., customers were provided services, but the customers have not yet paid).

There are $400 of supplies on hand.

$3,100 of the unearned revenue has now been earned.

The March 1 salary payable was fully paid.

Another $750 of salary is owed to employees for March. This amount has not yet been paid
C) Total up all of the T-accounts to show their balances at March 31.

Solutions

Expert Solution

ekkarill92 answered 11 months ago

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