Transaction | General Journal | Debit | Credit | |
a. | Office supplies expense | 17,956 | =4225+17449-3718 | |
Office supplies | 17,956 | |||
b. | Insurance expense | 12,452 | ||
Prepaid insurance | 12,452 | |||
c. | Salaries expense | 3,900 | =1950*2 | |
Salaries payable | 3,900 | |||
d. | Depreciation expense—Building | 16,714 | ||
Accumulated depreciation—Building | 16,714 | |||
e. | Rent receivable | 2,200 | ||
Rent earned | 2,200 | |||
f. | Unearned rent | 3,986 | =1993*2 | |
Rent earned | 3,986 | |||
Date | General Journal | Debit | Credit | |
6-Jan | Salaries payable | 3,900 | ||
Salaries expense | 5,850 | =1950*3 | ||
Cash | 9,750 | |||
15-Jan | Cash | 4,400 | ||
Rent receivable | 2,200 | |||
Rent earned | 2,200 | |||
Insurance expense workings: | ||||
April 1, 2017 | 1980 | =15840/24*3 | ||
April 1, 2018 | 4872 | =14616/36*12 | ||
August 1, 2019 | 5600 | =13440/12*5 | ||
Total | 12452 |
Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting...
Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $4,300 balance. During 2019, the company purchased supplies for $17,759, which was added to the Office Supplies account. The inventory of supplies available at December 31. 2019, totaled $3,784 b. An analysis of the company's insurance policies provided the following facts. Months of Policy Date of...
Arnez Company’s annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. A) The Office Supplies account started the year with a $4,225 balance. During 2019, the company purchased supplies for $17,449, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $3,718. B) An analysis of the company's insurance policies provided the following facts. Policy Date of Purchase Months...
Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $3,200 balance. During 2019, the company purchased supplies for $13,216, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $2,816. b. An analysis of the company's insurance policies provided the following facts. Policy A Months of Coverage...
Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $4,500 balance. During 2019, the company purchased supplies for $18,585, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $3,960. b. An analysis of the company's insurance policies provided the following facts. Policy A B Date of...
Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $3,850 balance. During 2019, the company purchased supplies for $15,901, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $3,388 b. An analysis of the company's insurance policies provided the following facts. Policy Months of Coverage Date...
Arnez Company’s annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. The Office Supplies account started the year with a $3,550 balance. During 2019, the company purchased supplies for $14,662, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $3,124. An analysis of the company's insurance policies provided the following facts. Policy Date of Purchase Months of Coverage...
Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $2,675 balance. During 2019, the company purchased supplies for $11,048, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $2,354 b. An analysis of the company's insurance policies provided the following facts. Policy Date of Purchase April...
Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $4,475 balance. During 2019, the company purchased supplies for $18,482, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $3,938. b. An analysis of the company's insurance policies provided the following Policy Months of Coverage Date of...
Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $4.475 balance. During 2019, the company purchased supplies for $18,482, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $3,938. b. An analysis of the company's insurance policies provided the following facts. Policy Months of Coverage Date...
Return 2 Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. 11.11 points a. The Office Supplies account started the year with a $4,100 balance. During 2019, the company purchased supplies for $16.933. which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $3,608 b. An analysis of the company's insurance policies provided the following facts. Months...