Welch Company_Journal entries and Adjusting entries 2023 Business Finance

2023 Selected accounts of Welch Company are shown below Supplies Expense 7 31 766 Supplies

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.)

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