Welch Company_Journal entries and Adjusting entries
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June 30, 2020Topic: Does recreational adolescent use of marijuana lead to adult memory deficit?
June 30, 2020Welch Company_Journal entries and Adjusting entries
Selected accounts of Welch Company are shown below.
| Supplies Expense | |||
| 7/31 | 766 | ||
| Supplies | |||
| 7/1 Bal. | 1,458 | 7/31 | 766 |
| 7/10 | 218 | ||
| Accounts Receivable | |||
| 7/31 | 552 | ||
| Salaries and Wages Expense | |||
| 7/15 | 1,280 | ||
| 7/31 | 1,280 | ||
| Salaries and Wages Payable | |||
| 7/31 | 1,280 | ||
| Unearned Service Revenue | |||
| 7/31 | 965 | 7/1 Bal. | 1,671 |
| 7/20 | 1,370 | ||
| Service Revenue | |||
| 7/14 | 2,175 | ||
| 7/31 | 965 | ||
| 7/31 | 552 |
(a) After analyzing the accounts, journalize the July transactions. (Hint: July transactions were for cash.)(Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
(b) After analyzing the accounts, journalize the adjusting entries that were made on July 31.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
