(1)
Transaction |
General Journal |
Debit |
Credit |
a. |
Office Supplies Expense ($11048 + $2675 - $2354) |
$11369 |
|
Office Supplies |
$11369 |
||
b. |
Insurance Expense |
$8055 |
|
Prepaid Insurance ($10824/24*3) + ($9576/36*12) + ($8424/12*5) |
$8055 |
||
c. |
Salaries Expense ($1850 * 2) |
$3700 |
|
Salaries Payable |
$3700 |
||
d. |
Depreciation expense-Building |
$19000 |
|
Accumulated Depreciation-Building |
$19000 |
||
e. |
Rent Receivable |
$2600 |
|
Rent Earned |
$2600 |
||
f. |
Unearned rent ($2356 * 2) |
$4712 |
|
Rent Earned |
$4712 |
(2)
Date |
General Journal |
Debit |
Credit |
Jan 06 |
Salaries expense ($1850 * 3) |
$5550 |
|
Salaries payable |
$3700 |
||
Cash |
$9250 |
||
Jan 15 |
Cash |
$5200 |
|
Rent earned |
$2600 |
||
Rent receivable |
$2600 |
Problem 3-2A Preparing adjusting and subsequent journal entries LO P1, P2, P3, P4 Arnez Company's annual...
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...
Problem 3-2A Preparing adjusting and subsequent journal entries LO 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 $3.775 balance. During 2017, the company purchased supplies for $15,591 which was added to the Office Supplies account. The inventory of supplies available at December 31, 2017, totaled $3,322. b. An analysis of the company's...
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...
Accounting. Adjusting entries. Could you explain how you get the answer? Transaction B: 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 $4,000 balance. During 2019, the company purchased supplies for $13,400, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $2,554. b. An analysis 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 $3,200 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 $4,475 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...
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. a. The Office Supplies account started the year with a $3.950 balance. During 2019, the company purchased supplies for $16,314, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $3,476. b. An analysis of the company's insurance policies provided the following facts. Policy Months of Coverage Date...