Transaction | General Journal | Debit | Credit | |
a. | Office supplies expense | 13,388 | =3150+13010-2772 | |
Office supplies | 13,388 | |||
b. | Insurance expense | 7,740 | ||
Prepaid insurance | 7,740 | |||
c. | Salaries expense | 5,300 | =2650*2 | |
Salaries payable | 5,300 | |||
d. | Depreciation expense—Building | 26,500 | ||
Accumulated depreciation—Building | 26,500 | |||
e. | Rent receivable | 2,100 | ||
Rent earned | 2,100 | |||
f. | Unearned rent | 3,806 | =1903*2 | |
Rent earned | 3,806 | |||
Date | General Journal | Debit | Credit | |
6-Jan | Salaries payable | 5,300 | ||
Salaries expense | 7,950 | =2650*3 | ||
Cash | 13,250 | |||
15-Jan | Cash | 4,200 | ||
Rent receivable | 2,100 | |||
Rent earned | 2,100 | |||
Insurance expense workings: | ||||
April 1, 2017 | 1308 | =10464/24*3 | ||
April 1, 2018 | 3072 | =9216/36*12 | ||
August 1, 2019 | 3360 | =8064/12*5 | ||
Total | 7740 |
cises and Problems Check my work mode: This shows what is corrector Problem 3-2A Preparing adjusting...
Problem 3-2A Preparing adjusting and subsequent journal entries LO P1, P2, P3, P4 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...
Problem 3-2A Preparing adjusting and subsequent journal entries LO C1, A1. P Anez Company's aonual accounting be recorded as of that date g period ends ongHeem獺31, 2017 T he follöwing information concerns the adjusting entries to poits a. The Office Supplies account started the year with a $3,100 balance. Duing 2017 the company purchased supplies for $12,803, ich was added to the Office Supplies account The inventory of supplies available at December 31 2017, totaled $2728 b. An analysis of...
Problem 3-2A Preparing adjusting and subsequent journal entries LO C1, A1, P1 Arnez Company's annual accounting period ends on December 31, 2017. The following information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $4,375 balance. During 2017, the company purchased supplies for $18,069, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2017, totaled $3,850. b. An analysis of the...
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 $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 $4,225 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. The Office Supplies account started the year with a $3,075 balance. During 2019, the company purchased supplies for $12,700, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $2,706. 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 $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...
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 $2,875 balance. During 2019, the company purchased supplies for $11,874, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $2,530. An analysis of the company's insurance policies provided the following facts. Policy Date of Purchase Months of Coverage...