Answer 3.9(1):
Answer 3.9(2):
Answer 3.10:
Adjusting Entries are:
Working:
a. As monthly statements are prepared:
Interest for Sep month need to be accrued = 60000 * 5%/12 = $250
c. Supplies used = 5000 - 1000 = $4,000
d. Depreciation expense for Sep = 2400 / (5 * 12) = $40
f. Salaries expense for 9 days = 3360 / 12 * 9 =$2,160
A usting Accounts for Financial Statements Exercise 3-9 Adjusting entries-different accounting periods en Ace Games (Q&A...
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