Homework Answers
Solution 1:
| Date | Accounts titles | Debit | Credit |
| 31-Dec | Deferred Revenue (5700*1/2) | 2850 | |
| Service Revenue | 2850 |
Solution 2:
Unearned Revenue account:
| Unadjusted bal. | 5700 | ||
| Adjustment | 2850 | ||
| Adjusted balance | 2850 |
Service revenue account:
| Unadjusted bal. | 34500 | ||
| Adjustment | 2850 | ||
| Adjusted balance | 37350 |
says my ans are incomplete. maybe im inserting numbers in weong place? 2 At December 31,...
says my ans are incomplete. maybe im inserting numbers in
weong place?
2 At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $32,000 and zero balances in Accumulated Depreciation and Depreciation Expense. Depreciation for the period is estimated to be $6,400. Required: 1. Prepare the adjusting journal entry on December 31 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance 10 points eBook Pint...
At December 31, the unadjusted trial balance of H&R Tacks reports Deferred Revenue of $5,300 and...
At December 31, the unadjusted trial balance of H&R Tacks reports Deferred Revenue of $5,300 and Service Revenues of $34,100. Obligations for one-half of the deferred revenue have been fulfilled as of December 31. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2...
At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $7,920 and...
At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $7,920 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for 24 months. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare...
please help with both thank you! At December 31, the unadjusted trial balance of H&R Tacks...
please help with both thank you!
At December 31, the unadjusted trial balance of H&R Tacks reports Supplies of $9.500 and Supplies Expense of $0. On December 31 supplies costing $7.950 are on hand. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2...
At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $6,240 and...
At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $6,240 and Insurance Expense of $0. The Insurance was purchased on July 1 and provides coverage for 24 months. Required: 1. Prepare the adjusting journal entry on December 31, 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of...
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wage Expense of $24,000. Employees have been paid for work done up to December 27, but the $1,300 they have earned for December 28-31 has not yet been paid or recorded. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the...
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of...
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $12,000. Employees have been paid for work done up to December 27, but the $1,200 they have earned for December 28–31 has not yet been paid or recorded. Required: Prepare the adjusting journal entry on December 31. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of...
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $21,000. Employees have been paid for work done up to December 27, but the $1,300 they have earned for December 28–31 has not yet been paid or recorded. Required: points 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report...
says incomplete 3. At December 31, the unadjusted trial balance of H&R Tacks reports Supplies of...
says incomplete
3. At December 31, the unadjusted trial balance of H&R Tacks reports Supplies of $10,000 and Supplies Expense of $0. On December 31, supplies costing $8,200 are on hand. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted 10 points eBook Print Complete this question by entering your answers in the tabs below. Required 1 Required 2...
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of...
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $29,000. Employees have been paid for work done up to December 27, but the $1,200 they have earned for December 28–31 has not yet been paid or recorded. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the...
says my ans are incomplete. maybe im inserting numbers in
weong place?
2 At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $32,000 and zero balances in Accumulated Depreciation and Depreciation Expense. Depreciation for the period is estimated to be $6,400. Required: 1. Prepare the adjusting journal entry on December 31 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance 10 points eBook Pint...
At December 31, the unadjusted trial balance of H&R Tacks reports Deferred Revenue of $5,300 and Service Revenues of $34,100. Obligations for one-half of the deferred revenue have been fulfilled as of December 31. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2...
At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $7,920 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for 24 months. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare...
please help with both thank you!
At December 31, the unadjusted trial balance of H&R Tacks reports Supplies of $9.500 and Supplies Expense of $0. On December 31 supplies costing $7.950 are on hand. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2...
At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $6,240 and Insurance Expense of $0. The Insurance was purchased on July 1 and provides coverage for 24 months. Required: 1. Prepare the adjusting journal entry on December 31, 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wage Expense of $24,000. Employees have been paid for work done up to December 27, but the $1,300 they have earned for December 28-31 has not yet been paid or recorded. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the...
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $21,000. Employees have been paid for work done up to December 27, but the $1,300 they have earned for December 28–31 has not yet been paid or recorded. Required: points 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report...
says incomplete
3. At December 31, the unadjusted trial balance of H&R Tacks reports Supplies of $10,000 and Supplies Expense of $0. On December 31, supplies costing $8,200 are on hand. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted 10 points eBook Print Complete this question by entering your answers in the tabs below. Required 1 Required 2...
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $29,000. Employees have been paid for work done up to December 27, but the $1,200 they have earned for December 28–31 has not yet been paid or recorded. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the...
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