Essay
One part of an adjusting entry is given below.
1. Unearned Revenue is debited.
2. Prepaid Rent is credited.
3. Accounts Receivable is debited.
4. Depreciation Expense is debited.
5. Utilities Expense is debited.
6. Interest Payable is credited.
7. Service Revenue is credited (give two possible debit accounts).
8. Interest Receivable is debited.
Instructions
Indicate the account title for the other part of the entry.
Correct Answer:

Verified
1. Service Revenue
2. Rent Exp...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
2. Rent Exp...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q74: The normal balance of the accumulated depreciation
Q75: If prepaid expenses are initially recorded in
Q76: An adjusting entry requiring a debit to
Q77: Presented below are the trial balance and
Q78: When the original entry for prepaid insurance
Q80: If an Expense account is debited when
Q81: Rubber Company prepares quarterly financial statements. It
Q83: Accrued expenses are expenses that have been
Q84: Unearned revenues are<br>A) received and recorded as
Q190: The balances of the Depreciation Expense and