Unformatted text preview: Rent receivable (+A). ..................................................................... 1,640 Rent revenue (+R, +SE). ..................................................... 1,640 ($820 x 2 months) e. Deferred expense -- cash paid for equipment before being used. Depreciation expense (+E, -SE). ................................................... 5,000 Accumulated depreciation, delivery equipment (+XA, -A) 5,000 Amount is given. f. Deferred expense -- cash paid before expense is incurred. Insurance expense (+E, -SE). ....................................................... 1,050 Prepaid insurance (-A). ........................................................ 1,050 ($4,200 x 6/24 months) g. Accrued revenue -- revenue earned before cash is received. Repair accounts receivable (+A). .................................................. 750 Repair shop revenue (+R, +SE). ......................................... 750 Amount is given....
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- Spring '08
- GREIGG
- Management, ........., Generally Accepted Accounting Principles, $9,000, $350, $4,200, Krannert School of Management
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