Question & Answer: One-half of the adjusting entry is given below. Indicate the account title for the other half of the entry. (a) Salaries and Wa…..

쓸 edugen.wileyplus.com Home | My NDC Microsoft Office Home Moodle | Notre Dame. Weygandt, Accounting Principles, 12e tice Assignment Gradebook ORION Downloadable eTextbook ment Question 19 One-half of the adjusting entry is given below. Indicate the account title for the other half of the entry Debit Credit (a) (b) (c) (d) (e) (0) Salaries and Wages Expense is debited Depreciation Expense is debited Interest Payable is credited Supplies is credited Accounts Receivable is debited Unearned Service Revenue is debited LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential edugen/shared/assignment/test/aglist.uni?id-asnmt20621858N10019

One-half of the adjusting entry is given below. Indicate the account title for the other half of the entry. (a) Salaries and Wages Expense is debited (b) Depreciation Expense is debited (c) Interest Payable is credited (d) Supplies is credited (e) Accounts Receivable is debited (f) Unearned Service Revenue is debited

Expert Answer

Solution:
		Accounts title
a.	Salaries and Wages Expense is debited.	Salaries and Wages Payable
b.	Depreciation Expense is debited.	Accumulated Depreciation
c.	Interest Payable is credited.	Interest Expense
d.	Supplies is credited.	Supplies Expense
e.	Accounts Receivable is debited.	Service Revenue
f.	Unearned Service Revenue is debited.	Service Revenue

Working Notes:

		Accounts title
a.	Salaries and Wages Expense is debited.	Salaries and Wages Payable is credited
b.	Depreciation Expense is debited.	Accumulated Depreciation is credited
c.	Interest Payable is credited.	Interest Expense is debited
d.	Supplies is credited.	Supplies Expense is debited
e.	Accounts Receivable is debited.	Service Revenue is credited
f.	Unearned Service Revenue is debited.	Service Revenue is credited

Journal Entries

	Account Titles	Debit	Credit
a.	Salaries and Wages Expense	XXX
	Salaries and Wages Payable		XXX

b.	Depreciation Expense	XXX
	Accumulated Depreciation		XXX

c.	Interest Expense	XXX
	Interest Payable		XXX

d.	Supplies Expense	XXX
	Supplies		XXX

e.	Accounts Receivable	XXX
	Service Revenue		XXX

f.	Unearned Service Revenue	XXX
	Service Revenue		XXX

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