Unformatted text preview: Supplies for $500 and a credit to Accounts Payable for $500. 3. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89. 4. A payment of $65 for telephone charges was recorded as a debit to Office Expense for $65 and a debit to Cash for $65. 5. When the Unearned Service Revenue account was reviewed, it was found that $225 of the balance was earned prior to June 30. 6. A debit posting to Wages Expense of $670 was omitted. 7. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260. 8. A dividend of $575 was debited to Wages Expense for $575 and credited to Cash for $575....
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- Fall '08
- Generally Accepted Accounting Principles, Service Revenue, Unearned Service Revenue