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What is the proper adjusting entry at December 31, the end of the accounting period, if...
What is the proper adjusting entry at December 31, the end of the accounting period, if...
What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance account is $7750 before adjustment and the unexpired amount per analysis of policies is $3.250?
What is the proper adjusting entry at June 30, the end of the fiscal year, based...
What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment, $18540, and unexpired amounts per analysis of policies of $6000? Debit Prepaid Insurance, $12540; Credit Insurance Expense, $12540. Debit Insurance Expense, $12540; Credit Prepaid Insurance, $12540. Debit Insurance Expense, $18540; Credit Prepaid Insurance, $18540. Debit Insurance Expense, $6000; Credit Prepaid Insurance, $6000. Save for Later Attempts: 0 of 1 used Submit Answer wid ind
please show work 5. What is the proper adjusting entry at June 30, the end of...
please show work
5. What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment, $18,500, and unexpired amounts per analysis of policies of $6,000? a. Debit Insurance Expense, $6,000; Credit Prepaid Insurance, $6,000. b. Debit Insurance Expense, $18,500; Credit Prepaid Insurance. $18.500. C. Debit Prepaid Insurance, $12,500; Credit Insurance Expense, $12,500. d. Debit Insurance Expense, $12,500; Credit Prepaid Insurance, $12,500 6. NWA Air Charter signed a...
for each of the above separate cases, prepare adjusting entries required of financial statem December 31...
for each of the above separate cases, prepare adjusting entries required of financial statem December 31 View transaction list Journal entry worksheet The Prepaid Insurance account had a $5,000 balance at the beginning of December. An analysis of insurance policies shows that $2,300 of unexpired insurance benefits remain at December 31. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal < Prev 2 of 4 ! N
Which of the following is the proper adjusting entry, based on a prepaid insurance account belance...
Which of the following is the proper adjusting entry, based on a prepaid insurance account belance before adjustment of $14,091 and unexpired insurance of 6,433, fr the fiscal year ending on April 30? Odebit Insurance Expense, $14,091; credit Prepaid Insurance, $14,091 Odebit Insurance Expense, $7,658; credit Prepald Insurance, $7,658 Odebit Prepaid Insurance, $7,658; credit Insurance Expense, $7,658 Odebit Prepaid Insurance, $14,091; credit Insurance Expense, $14,091 Previoust
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...
The correct adjusting entry for accrued and unpaid employee salaries of $9,900 on December 31 is:...
The correct adjusting entry for accrued and unpaid employee salaries of $9,900 on December 31 is: Multiple Choice points 8 01:51:50 O Debit Salary Expense, $9,900; credit Salaries Payable, $9,900. O Debit Salary Expense, $9,900; credit Fees Earned, $9,900. O Debit Salary Expense, $9,900; credit Cash, $9,900. O Debit Salaries Payable, $9,900; credit Salary Expense, $9,900. O Debit Salary Expense, $9,900; credit Prepaid Salary, $9,900.
For Oriole Company, journalize the entry on July 1 and adjusting entry on December 31. (Record...
For Oriole Company, journalize the entry on July 1 and adjusting entry on December 31. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 Prepaid Insurance 0,000 Cash 0,000 Dec. 31 Insurance Expense 00 Prepaid Insurance I...
Requirement 1. Journalize the adjusting entry needed on December 31, the end of the current accounting...
Requirement 1. Journalize the adjusting entry needed on December 31, the end of the current accounting period, for each of the following independent cases affecting Irons Corporation. Include an explanation for each entry. a. Details of the Prepaid Insurance account reveal a January 1 (beginning of the year) debit balance of $3,000 and a debit to the account on March 31 for $3,300 to record the payment of an annual insurance premium. At December 31, $1,800 is still prepaid. (Record...
Requirement 1. Journalize the adjusting entry needed on December 31, the end of the current accounting...
Requirement 1. Journalize the adjusting entry needed on December 31, the end of the current accounting period, for each of the following independent cases affecting Jackson Corporation. Include an explanation for each entry. 1 Cases a. De is stil th a. The details of Prepaid Insurance are as follows: Prepaid Insurance Jan 1 Bal 2,600 Mar 31 3,000 Jackson prepays insurance on March 31 each year. At December 31, $800 is still prepaid. b. Jackson pays employees each Friday. The...
What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance account is $7750 before adjustment and the unexpired amount per analysis of policies is $3.250?
What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment, $18540, and unexpired amounts per analysis of policies of $6000? Debit Prepaid Insurance, $12540; Credit Insurance Expense, $12540. Debit Insurance Expense, $12540; Credit Prepaid Insurance, $12540. Debit Insurance Expense, $18540; Credit Prepaid Insurance, $18540. Debit Insurance Expense, $6000; Credit Prepaid Insurance, $6000. Save for Later Attempts: 0 of 1 used Submit Answer wid ind
please show work
5. What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment, $18,500, and unexpired amounts per analysis of policies of $6,000? a. Debit Insurance Expense, $6,000; Credit Prepaid Insurance, $6,000. b. Debit Insurance Expense, $18,500; Credit Prepaid Insurance. $18.500. C. Debit Prepaid Insurance, $12,500; Credit Insurance Expense, $12,500. d. Debit Insurance Expense, $12,500; Credit Prepaid Insurance, $12,500 6. NWA Air Charter signed a...
for each of the above separate cases, prepare adjusting entries required of financial statem December 31 View transaction list Journal entry worksheet The Prepaid Insurance account had a $5,000 balance at the beginning of December. An analysis of insurance policies shows that $2,300 of unexpired insurance benefits remain at December 31. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal < Prev 2 of 4 ! N
Which of the following is the proper adjusting entry, based on a prepaid insurance account belance before adjustment of $14,091 and unexpired insurance of 6,433, fr the fiscal year ending on April 30? Odebit Insurance Expense, $14,091; credit Prepaid Insurance, $14,091 Odebit Insurance Expense, $7,658; credit Prepald Insurance, $7,658 Odebit Prepaid Insurance, $7,658; credit Insurance Expense, $7,658 Odebit Prepaid Insurance, $14,091; credit Insurance Expense, $14,091 Previoust
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...
The correct adjusting entry for accrued and unpaid employee salaries of $9,900 on December 31 is: Multiple Choice points 8 01:51:50 O Debit Salary Expense, $9,900; credit Salaries Payable, $9,900. O Debit Salary Expense, $9,900; credit Fees Earned, $9,900. O Debit Salary Expense, $9,900; credit Cash, $9,900. O Debit Salaries Payable, $9,900; credit Salary Expense, $9,900. O Debit Salary Expense, $9,900; credit Prepaid Salary, $9,900.
For Oriole Company, journalize the entry on July 1 and adjusting entry on December 31. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 Prepaid Insurance 0,000 Cash 0,000 Dec. 31 Insurance Expense 00 Prepaid Insurance I...
Requirement 1. Journalize the adjusting entry needed on December 31, the end of the current accounting period, for each of the following independent cases affecting Irons Corporation. Include an explanation for each entry. a. Details of the Prepaid Insurance account reveal a January 1 (beginning of the year) debit balance of $3,000 and a debit to the account on March 31 for $3,300 to record the payment of an annual insurance premium. At December 31, $1,800 is still prepaid. (Record...
Requirement 1. Journalize the adjusting entry needed on December 31, the end of the current accounting period, for each of the following independent cases affecting Jackson Corporation. Include an explanation for each entry. 1 Cases a. De is stil th a. The details of Prepaid Insurance are as follows: Prepaid Insurance Jan 1 Bal 2,600 Mar 31 3,000 Jackson prepays insurance on March 31 each year. At December 31, $800 is still prepaid. b. Jackson pays employees each Friday. The...
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