Homework Answers
| Transaction | Date | General Journal | Debit | Credit |
| 1 | Dec-31 | Interest Expenses | 4000 | |
| To, Interest expenses payable | 4000 | |||
| 2 | Dec-31 | Profit and Loss a/c Dr | 4000 | |
| To, Interest Expenses | 4000 | |||
| 3 | Jan-05 | Interest Payable Dr | 4000 | |
| To, Bank | 4000 |
Add Answer to:
Save for each of the above separate cases, prepare adjusting entries required of financial statements December...
For each of the above separate cases, prepare adjusting entries required of financial stal December 31...
For each of the above separate cases, prepare adjusting entries required of financial stal December 31 View transaction list Journal entry worksheet < 0 * 435 The company has earned (but not recorded) $750 of interest revenue for the year ended December 31. The interest payment will be received on 10 days after the year-end January 10. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general jour < Prey 2 of 4 !
For each of the separate cases, prepare adjusting entries required of financial statements for the year...
For
each of the separate cases, prepare adjusting entries required of
financial statements for the year ended (date of) December 31.
The second photo shows the format of where I put my answers. 1
being transaction a, 2 being transaction b, and so on.
a. Wages of $9,000 are earned by workers but not paid as of December 31 b. Depreciation on the company's equipment for the year is $11,200. c. The Office Supplies account had a $460 debit balance...
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
For each of the above separate cases, prepare adjusting entries required of finan December 31 View...
For each of the above separate cases, prepare adjusting entries required of finan December 31 View transaction list Journal entry worksheet < 2 3 4 5 6 The Office Supplies account had a $340 debit balance at the beginning of December. During December, $4,658 of office supplies are purchased. A physical count of supplies at December 31 shows $516 of supplies available. Note: Enter debits before credits. Transaction Debit Credit General Journal Supplies expense Supplies Record entry Clear entry View...
Record adjusting journal entries for each of the following for year ended December 31. Assume no...
Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year. a. Salaries Payable. At year-end, salaries expense of $17,500 has been incurred by the company, but is not yet paid to employees. b. Interest Payable. At its December 31 year-end, the company owes $350 of interest on a line-of-credit loan. That interest will not be paid until sometime in January of the next year. c. Interest...
Saved mework B 0 2. As of December 31, the company has earned, but not yet...
Saved mework B 0 2. As of December 31, the company has earned, but not yet recorded, $450 of interest revenu responsible bonds. The interest revenue is expected to be received on January 12 For each of the above separate cases, prepare the required December 31 year-end adjusting e View transaction list Journal entry worksheet 1 2 3 4 5 Depreciation on the company's wind turbine equipment for the year is $5,500. Note: Enter debits before credits. Transaction Credit General...
homework A Saved a. M&R Company provided $3.200 in services to customers in December. Those customers...
homework A Saved a. M&R Company provided $3.200 in services to customers in December. Those customers are expected to pay the company sometime in January following the company's year-end. b. Wage expenses of $2.200 have been incurred but are not paid as of December 31. c. M&R Company has a $6,200 bank loan and has incurred (but not recorded) 8% interest expense of $496 for the year ended December 31. The company will pay the $496 interest in cash on...
Exercise 3-4 Preparing adjusting entries LO P1, P3, P4 a. Wages of $8,000 are earned by...
Exercise 3-4 Preparing adjusting entries LO P1, P3, P4 a. Wages of $8,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $12,040. c. The Office Supplies account had a $440 debit balance at the beginning of the year. During the year, $5,464 of office supplies are purchased. A physical count of supplies at December 31 shows $596 of supplies available. d. The Prepaid Insurance account had a...
For each separate case, record the necessary adjusting entry. a. On July 1, Lopez Company paid...
For each separate case, record the necessary adjusting entry. a. On July 1, Lopez Company paid $2,200 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31. b. Zim Company has a Supplies account balance of $7.000 at the beginning of the year. During the year, it purchased $3,000 of supplies. As of December 31, a physical count of supplies shows $1,300 of supplies available. points Prepare the...
Exercise 3-6 Preparing adjusting entries LO P1, P2, P3, P4 a. Depreciation on the company's wind...
Exercise 3-6 Preparing adjusting entries LO P1, P2, P3, P4 a. Depreciation on the company's wind turbine equipment for the year is $5,100. b. The Prepaid Insurance account for the solar panels had a $2,100 debit balance at December 31 before adjusting for the costs of any expired coverage. Analysis of prepaid insurance shows that $650 of unexpired insurance coverage remains at year-end. c. The company received $3,300 cash in advance for sustainability consulting work. As of December 31, one-third...
For each of the above separate cases, prepare adjusting entries required of financial stal December 31 View transaction list Journal entry worksheet < 0 * 435 The company has earned (but not recorded) $750 of interest revenue for the year ended December 31. The interest payment will be received on 10 days after the year-end January 10. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general jour < Prey 2 of 4 !
For
each of the separate cases, prepare adjusting entries required of
financial statements for the year ended (date of) December 31.
The second photo shows the format of where I put my answers. 1
being transaction a, 2 being transaction b, and so on.
a. Wages of $9,000 are earned by workers but not paid as of December 31 b. Depreciation on the company's equipment for the year is $11,200. c. The Office Supplies account had a $460 debit balance...
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
For each of the above separate cases, prepare adjusting entries required of finan December 31 View transaction list Journal entry worksheet < 2 3 4 5 6 The Office Supplies account had a $340 debit balance at the beginning of December. During December, $4,658 of office supplies are purchased. A physical count of supplies at December 31 shows $516 of supplies available. Note: Enter debits before credits. Transaction Debit Credit General Journal Supplies expense Supplies Record entry Clear entry View...
Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year. a. Salaries Payable. At year-end, salaries expense of $17,500 has been incurred by the company, but is not yet paid to employees. b. Interest Payable. At its December 31 year-end, the company owes $350 of interest on a line-of-credit loan. That interest will not be paid until sometime in January of the next year. c. Interest...
Saved mework B 0 2. As of December 31, the company has earned, but not yet recorded, $450 of interest revenu responsible bonds. The interest revenue is expected to be received on January 12 For each of the above separate cases, prepare the required December 31 year-end adjusting e View transaction list Journal entry worksheet 1 2 3 4 5 Depreciation on the company's wind turbine equipment for the year is $5,500. Note: Enter debits before credits. Transaction Credit General...
homework A Saved a. M&R Company provided $3.200 in services to customers in December. Those customers are expected to pay the company sometime in January following the company's year-end. b. Wage expenses of $2.200 have been incurred but are not paid as of December 31. c. M&R Company has a $6,200 bank loan and has incurred (but not recorded) 8% interest expense of $496 for the year ended December 31. The company will pay the $496 interest in cash on...
Exercise 3-4 Preparing adjusting entries LO P1, P3, P4 a. Wages of $8,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $12,040. c. The Office Supplies account had a $440 debit balance at the beginning of the year. During the year, $5,464 of office supplies are purchased. A physical count of supplies at December 31 shows $596 of supplies available. d. The Prepaid Insurance account had a...
For each separate case, record the necessary adjusting entry. a. On July 1, Lopez Company paid $2,200 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31. b. Zim Company has a Supplies account balance of $7.000 at the beginning of the year. During the year, it purchased $3,000 of supplies. As of December 31, a physical count of supplies shows $1,300 of supplies available. points Prepare the...
Exercise 3-6 Preparing adjusting entries LO P1, P2, P3, P4 a. Depreciation on the company's wind turbine equipment for the year is $5,100. b. The Prepaid Insurance account for the solar panels had a $2,100 debit balance at December 31 before adjusting for the costs of any expired coverage. Analysis of prepaid insurance shows that $650 of unexpired insurance coverage remains at year-end. c. The company received $3,300 cash in advance for sustainability consulting work. As of December 31, one-third...
Most questions answered within 3 hours.
-
Maths
asked 14 minutes ago -
Maths
asked 27 minutes ago -
1. You have genotyped an entire population of lab mice for a
single locus (let's label...
asked 1 hour ago -
As part of the process for improving the quality of their cars,
Toyota engineers have identified...
asked 1 hour ago -
What is the relationship between the number of coils in a
solenoid and the emf induced...
asked 1 hour ago -
cell in human body reproduces. what process does it use? describe
the steps in the cell...
asked 2 hours ago -
The cheetah is one of the fastest accelerating animals, for it
can go from rest to...
asked 3 hours ago -
CaCO3 (s) ⇌ CaO (s) + CO2 (g)
At 637 °C, the reaction reaches equilibrium.
If...
asked 4 hours ago -
The condensate from a steam distillation contains 12.0 g of
compound A and 18.0 g of...
asked 7 hours ago -
A major economic benefit of fixed exchange rates compared to
floating rates is that
a. the...
asked 7 hours ago -
1) For this reaction,
SiCl4 (l)+ 2H2O(g) <->
SiO2 (s) + 4HCl (g) DeltaH = -127 KJ...
asked 7 hours ago -
Which of the following does NOT add to US GDP? A. Saudi Arabia
buys fighter jets...
asked 9 hours ago