Intermediate Accounting: E3-9 Selected accounts of Leno Company are shown below
E3-9 Adjusting Entries
Selected accounts of Leno Company are shown below.
Supplies Accounts Receivable Beg. Bal. 800 10/31 470 10/17 2,100 10/31 1,650
Salaries Expense 10/15 800 Salaries Payable 10/31 600 10/31 600
Unearned Service Revenue Supplies Expense 10/31 400 10/20 650 10/31 470 Service Revenue 10/17 2,100 10/31 1,650 10/31 400
From an analysis of the T-accounts, reconstruct (a) the October transaction entries, and (b) the adjusting journal entries that were made on October 31, 2010.
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