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  • ASS3

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    Mahmoud Ibrahim
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    The document provides adjustment data for Duran Company at December 31 including supplies used, unrecorded services provided, unearned service revenue for services performed, unpaid advertising expense, depreciation, and unpaid utility expenses. Students are instructed to indicate for each adjustment item the type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and whether accounts are overstated or understated before adjustment.

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    The document provides adjustment data for Duran Company at December 31 including supplies used, unrecorded services provided, unearned service revenue for services performed, unpaid advertising expense, depreciation, and unpaid utility expenses. Students are instructed to indicate for each adjustment item the type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and whether accounts are overstated or understated before adjustment.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    6 views1 page

    ASS3

    Uploaded by

    Mahmoud Ibrahim
    The document provides adjustment data for Duran Company at December 31 including supplies used, unrecorded services provided, unearned service revenue for services performed, unpaid advertising expense, depreciation, and unpaid utility expenses. Students are instructed to indicate for each adjustment item the type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and whether accounts are overstated or understated before adjustment.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Assignment 3

    Duran Company accumulates the following adjustment data at December 31.

    1. Supplies of $620 have been used.


    2. Services provided but not recorded total $925.
    3. Services related unearned service revenue of $325 were performed. 4. Advertising expense of $900 is unpaid.
    5. Depreciation is $3,000.
    6. Utility expenses of $175 are unpaid.

    Instructions

    For each of the above items indicate the following.

    (a) The type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense).

    (b) The status of accounts before adjustment (overstatement or understatement).

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