Sunland Company records all prepayments in income statement accounts. At April 30, the trial balance...
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Sunland Company records all prepayments in income statement accounts. At April 30, the trial balance shows Supplies Expense $3,000, Service Revenue $9,400, and zero balances in related balance sheet accounts. Prepare the adjusting entries at April 30 assuming (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (a) (b) No. (a) (b) $700 of supplies on hand and $3,800 of service revenue should be reported as unearned. Date Account Titles and Explanation Apr. 30 Apr. 30 Debit Credit
Sunland Compary records all prepayments in incorne statement accounts. At April 30 , the trial balance shows Supplies Expense $3,000, Service Revenue $9,400, and zero balances in related balance sheet accounts. Prepare the adjusting entries at April 30 assuming (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (a) $700 of supplies on hand and (b) $3,800 of service revenue should be reported as unearned
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