Homework Answers
| Transaction | General Journal | Debit | Credit |
| d. | Insurance Expenses [Expired insurance = $5,000 - $2,300] | $2,700 | |
| Prepaid insurance | $2,700 | ||
| (To record insurance expense) |
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for each of the above separate cases, prepare adjusting entries required of financial statem December 31...
For each of the separate cases, prepare adjusting entries required of financial statements for the year...
For
each of the separate cases, prepare adjusting entries required of
financial statements for the year ended (date of) December 31.
The second photo shows the format of where I put my answers. 1
being transaction a, 2 being transaction b, and so on.
a. Wages of $9,000 are earned by workers but not paid as of December 31 b. Depreciation on the company's equipment for the year is $11,200. c. The Office Supplies account had a $460 debit balance...
For each of the above separate cases, prepare adjusting entries required of finan December 31 View...
For each of the above separate cases, prepare adjusting entries required of finan December 31 View transaction list Journal entry worksheet < 2 3 4 5 6 The Office Supplies account had a $340 debit balance at the beginning of December. During December, $4,658 of office supplies are purchased. A physical count of supplies at December 31 shows $516 of supplies available. Note: Enter debits before credits. Transaction Debit Credit General Journal Supplies expense Supplies Record entry Clear entry View...
For each of the above separate cases, prepare adjusting entries required of financial stal December 31...
For each of the above separate cases, prepare adjusting entries required of financial stal December 31 View transaction list Journal entry worksheet < 0 * 435 The company has earned (but not recorded) $750 of interest revenue for the year ended December 31. The interest payment will be received on 10 days after the year-end January 10. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general jour < Prey 2 of 4 !
Save for each of the above separate cases, prepare adjusting entries required of financial statements December...
Save for each of the above separate cases, prepare adjusting entries required of financial statements December 31. View transaction list Journal entry worksheet The company has a bank loan and has incurred (but not recorded) interest expense of $4,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal < Prey 2 of...
Saved pare adjusting journal entries for the year ended (date of) December 31 for each of...
Saved pare adjusting journal entries for the year ended (date of) December 31 for each of thes View transaction list Journal entry worksheet < 0 2 3 4 5 6 The Prepaid Insurance account had a $6,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $1,330 of unexpired insurance coverage remains. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry...
For each of the following four separate cases, prepare adjusting entries required of financial statements for...
For each of the following four separate cases, prepare adjusting entries required of financial statements for the year ended December 31,2018. (Assume the prepaid expenses are initially recorded in asset accounts and that fees collected in advance of work are initially recorded as liabilities). A. Wages of $9,000 are earned by workers but not paid as of December 31,2018. B.The office supplies account had a $480 debit balance on Decemeber 31,2017. During 2018 $5,349 of office supplies are purchased. A...
Saved mework B 0 2. As of December 31, the company has earned, but not yet...
Saved mework B 0 2. As of December 31, the company has earned, but not yet recorded, $450 of interest revenu responsible bonds. The interest revenue is expected to be received on January 12 For each of the above separate cases, prepare the required December 31 year-end adjusting e View transaction list Journal entry worksheet 1 2 3 4 5 Depreciation on the company's wind turbine equipment for the year is $5,500. Note: Enter debits before credits. Transaction Credit General...
Exercise 3-4 Preparing adjusting entries LO P1, P3, P4 a. Wages of $8,000 are earned by...
Exercise 3-4 Preparing adjusting entries LO P1, P3, P4 a. Wages of $8,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $12,040. c. The Office Supplies account had a $440 debit balance at the beginning of the year. During the year, $5,464 of office supplies are purchased. A physical count of supplies at December 31 shows $596 of supplies available. d. The Prepaid Insurance account had a...
a. Wages of $6,000 are eamed by workers but not paid as of December 31 b....
a. Wages of $6,000 are eamed by workers but not paid as of December 31 b. Depreciation on the company's equipment for the year is $11,320 e. The Office Supplies account had a $140 debit balance at the beginning of the year. During the year, $5,761 of office supplies are purchased. A physical count of supplies at December 31 shows $626 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An...
Wages of $8,000 are earned by workers but not paid as of December 31. Depreciation on...
Wages of $8,000 are earned by workers but not paid as of
December 31.
Depreciation on the company’s equipment for the year is
$10,840.
The Office Supplies account had a $350 debit balance at the
beginning of the year. During the year, $4,791 of office supplies
are purchased. A physical count of supplies at December 31 shows
$529 of supplies available.
The Prepaid Insurance account had a $5,000 balance at the
beginning of the year. An analysis of insurance policies...
For
each of the separate cases, prepare adjusting entries required of
financial statements for the year ended (date of) December 31.
The second photo shows the format of where I put my answers. 1
being transaction a, 2 being transaction b, and so on.
a. Wages of $9,000 are earned by workers but not paid as of December 31 b. Depreciation on the company's equipment for the year is $11,200. c. The Office Supplies account had a $460 debit balance...
For each of the above separate cases, prepare adjusting entries required of finan December 31 View transaction list Journal entry worksheet < 2 3 4 5 6 The Office Supplies account had a $340 debit balance at the beginning of December. During December, $4,658 of office supplies are purchased. A physical count of supplies at December 31 shows $516 of supplies available. Note: Enter debits before credits. Transaction Debit Credit General Journal Supplies expense Supplies Record entry Clear entry View...
For each of the above separate cases, prepare adjusting entries required of financial stal December 31 View transaction list Journal entry worksheet < 0 * 435 The company has earned (but not recorded) $750 of interest revenue for the year ended December 31. The interest payment will be received on 10 days after the year-end January 10. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general jour < Prey 2 of 4 !
Save for each of the above separate cases, prepare adjusting entries required of financial statements December 31. View transaction list Journal entry worksheet The company has a bank loan and has incurred (but not recorded) interest expense of $4,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal < Prey 2 of...
Saved pare adjusting journal entries for the year ended (date of) December 31 for each of thes View transaction list Journal entry worksheet < 0 2 3 4 5 6 The Prepaid Insurance account had a $6,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $1,330 of unexpired insurance coverage remains. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry...
Saved mework B 0 2. As of December 31, the company has earned, but not yet recorded, $450 of interest revenu responsible bonds. The interest revenue is expected to be received on January 12 For each of the above separate cases, prepare the required December 31 year-end adjusting e View transaction list Journal entry worksheet 1 2 3 4 5 Depreciation on the company's wind turbine equipment for the year is $5,500. Note: Enter debits before credits. Transaction Credit General...
Exercise 3-4 Preparing adjusting entries LO P1, P3, P4 a. Wages of $8,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $12,040. c. The Office Supplies account had a $440 debit balance at the beginning of the year. During the year, $5,464 of office supplies are purchased. A physical count of supplies at December 31 shows $596 of supplies available. d. The Prepaid Insurance account had a...
a. Wages of $6,000 are eamed by workers but not paid as of December 31 b. Depreciation on the company's equipment for the year is $11,320 e. The Office Supplies account had a $140 debit balance at the beginning of the year. During the year, $5,761 of office supplies are purchased. A physical count of supplies at December 31 shows $626 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An...
Wages of $8,000 are earned by workers but not paid as of
December 31.
Depreciation on the company’s equipment for the year is
$10,840.
The Office Supplies account had a $350 debit balance at the
beginning of the year. During the year, $4,791 of office supplies
are purchased. A physical count of supplies at December 31 shows
$529 of supplies available.
The Prepaid Insurance account had a $5,000 balance at the
beginning of the year. An analysis of insurance policies...
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