Arthur Industries entered into the following transactions during the month of June. Purchased supplies for $5,300 cash. Paid $4,480 for salaries and wages for the month of June. Paid $560 in advance for July rent. Provided $13,400 in services on account. Paid $800 on accounts payable. Received $310 from customers as deposits for future services. Received a bill for $410 from the plumber who repaired a broken pipe in the restrooms, but will not pay the bill until July. Purchased equipment for cash of $740.

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Tundexi Tundexi · Answer 1 · 2021-01-26T03:04:54+01:00

Answer:

S/N Account Titles and Explanation Debit Credit

A Supplies $5,300

Cash $5,300

(To record the purchase of supplies for cash)

B Salaries and wages expense $ 4,480

Cash $4,480

(To record the payment of wages and salaries)

C Prepaid rent $ 560

Cash $560

(To record the payment of prepaid rent for July)

D Accounts receivable $13,400

Service revenue $13,400

(To record the services provided on account)

E Accounts payable $800

Cash $800

(To record the payment made on Accounts payable)

F Cash $310

Unearned revenue/Deferred revenue $310

(To record the unearned services revenue)

G Repairs and maintenance expense $410

Accounts payable $410

(To record the accounts payable for repairs expenses incurred)

H Equipment $740

Cash $740

(To record the purchase of equipment for cash)