Selected statement of financial position accounts for Gardner Company are presented below: Wages Payable Unearned...
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Accounting
Selected statement of financial position accounts for Gardner Company are presented below: Wages Payable Unearned Sales Revenue Interest Receivable Prepaid Insurance May 5 4,300 III May 10 9,500 1,250 5,400 2,250 825 Required: Analyze each account and recreate the journal entries that were made. For prepayments, be sure to include the original journal entry as well as the adjusting journal entry. Month-end is May 31, 2018. Unearned Sales Revenue: May 10 Cash Unearned Sales Revenue (Recorded cash received in advance of sales) May 31 Unearned Sales Revenue Sales Revenue (Record earned revenue) Feedback Check My Work Interest Receivable: May 31 Interest Receivable Interest Revenue (Record interest revenue earned but not received)
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