Answer Parts A,B, and C please
4) Anton Decorators had the following selectedbalances 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 positivebalances.)
B. Write the journal entries for the following adjustments madeon March 31. Post these entries to the T-accounts.
- $1,500 was collected on account.
- $800 of revenue was accrued (i.e., customers wereprovided services, but the customers have not yet paid).
- There are $400 of supplies on hand.
- $3,100 of the unearned revenue has now beenearned.
- The March 1 salary payable was fully paid.
- Another $750 of salary is owed to employees forMarch. This amount has not yet been paid
- C) Total up all of the T-accounts to show theirbalances at March 31.