Acc280 Financial Accounting: BE3-11 Duncan Company records all prepayments

Acc280 Financial Accounting
BE3-11
Duncan Company records all prepayments in income statement accounts. At April 30, the trial balance shows Supplies Expense $2,800, Service Revenue $9,200, and zero balances in related balance sheet accounts.

Prepare the adjusting entries at April 30 assuming:
(a) $1,000 of supplies on hand
(b) $3,000 of service revenue should be reported as unearned.
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