Journailize prepaid rent expired 1600; supplies used 150; depreciation on building 900; service revenue that was coll3fted and has now been earned 2350; accrued salaries exp3nse 1850 and accur3e interest on note 1400

Answer 1

To journalize the given transactions, you'll need to create journal entries for each item listed. Below are the journal entries for prepaid rent expired, supplies used, depreciation expense, earned service revenue, accrued salaries expense, and accrued interest on a note.

Journal Entries:

1. Prepaid Rent Expired:

   • Debit: Rent Expense $1,600
   • Credit: Prepaid Rent $1,600
   • Description: To record prepaid rent that has expired.

2. Supplies Used:

   • Debit: Supplies Expense $150
   • Credit: Supplies $150
   • Description: To record supplies used during the period.

3. Depreciation on Building:

   • Debit: Depreciation Expense - Building $900
   • Credit: Accumulated Depreciation - Building $900
   • Description: To record depreciation expense on the building.

4. Service Revenue Earned:

   • Debit: Unearned Revenue $2,350 (if originally recorded as unearned)
   • Credit: Service Revenue $2,350
   • Description: To record service revenue that was collected and now earned.

5. Accrued Salaries Expense:

   • Debit: Salaries Expense $1,850
   • Credit: Accrued Salaries Payable $1,850
   • Description: To record accrued salaries expense.

6. Accrued Interest on Note:

   • Debit: Interest Expense $1,400
   • Credit: Accrued Interest Payable $1,400
   • Description: To record accrued interest on the note.

Summary of Journal Entries:

Date            Account Titles                         Debit     Credit
-----------------------------------------------------------------------
                Rent Expense                          1,600
                Prepaid Rent                                      1,600
                (To record prepaid rent that has expired)

                Supplies Expense                        150
                Supplies                                           150
                (To record supplies used during the period)

                Depreciation Expense - Building        900
                Accumulated Depreciation - Building             900
                (To record depreciation expense on the building)

                Unearned Revenue                       2,350
                Service Revenue                                  2,350
                (To record service revenue that was earned)

                Salaries Expense                       1,850
                Accrued Salaries Payable                        1,850
                (To record accrued salaries expense)

                Interest Expense                        1,400
                Accrued Interest Payable                       1,400
                (To record accrued interest on the note)

Make sure to adjust the entries according to the specific accounts used in your general ledger, as account names may vary.