Adjustment Journal Entries: | ||||
Date | Acc/ Titles | Debit $ | Credit $ | |
1 | Insurance expense | 310 | (3720/12) | |
Prepaid insurance | 310 | |||
(insurance expense recorded) | ||||
2 | Rent expense | 4100 | ||
Prepaid rent | 4100 | |||
(rent expense recorded) | ||||
3 | Supplies expense | 1300 | ||
Supplies | 1300 | |||
(supplies expense recorded) | ||||
4 | Depreciation expense-Equip. | 500 | 24000/(4*12) | |
Acc. Depreciation-Equip. | 500 | |||
(depreciation expense recorded) | ||||
5 | Interest expense | 102 | (20400*6%/12) | |
Interest payable | 102 | |||
(interest expense recorded) | ||||
6 | Salaries and Wages expense | 10400 | ||
Salaries and Wages payable | 10400 | |||
(salaries expense made payable) | ||||
7 | Utilities expense | 700 | ||
Accounts payable | 700 | |||
(utilities expense recorded and made payable) |
At June 30, 2018, the end of its most recent fiscal year, River Consultants Ltd.'s post-closing...
Record the journal entries in order as presented in the problem. At June 30, 2018, the end of its most recent fiscal year, River Consultants Ltd. 's post-closing trial balance was as follows: Debit Credit Cash Accounts receivable Supplies Accounts payable Income tax payable Unearned revenue Common shares Retained earnings $15,700 1,300 700 $300 400 1,000 3,400 12,600 $17,700 $17,700 The company underwent a major expansion in July. New staff was hired and more financing was obtained. River conducted the...
At June 30, 2022, the end of its most recent fiscal year, Cheyenne Computer Consultants’ post-closing trial balance was as follows: Debit Credit Cash $4,290 Accounts receivable 980 Supplies 570 Accounts payable $330 Unearned service revenue 920 Common stock 3,000 Retained earnings 1,590 $5,840 $5,840 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Cheyenne conducted the following transactions during July 2022, and adjusts its accounts monthly. July 1 Purchased equipment, paying...
At June 30, 2017, the end of its most recent fiscal year, Green River Computer Consultants’ post-closing trial balance was as follows: Debit Credit Cash $5,230 Accounts receivable 1,200 Supplies 690 Accounts payable $400 Unearned service revenue 1,120 Common stock 3,600 Retained earnings 2,000 $7,120 $7,120 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Green River conducted the following transactions during July 2017, and adjusts its accounts monthly. July 1 Purchased...
At June 30, 2017, the end of its most recent fiscal year, Green River Computer Consultants' post-closing trial balance was as follows: Debit Credit Cash $5,230 Accounts receivable 1,200 Supplies 690 Accounts payable $400 Unearned service revenue 1,120 Common stock 3,600 Retained earnings 2,000 $7,120 $7,120 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Green River conducted the following transactions during July 2017, and adjusts its accounts monthly. July 1 Purchased...
At June 30, 2017, the end of its most recent fiscal year Green River Computer Consultants post-closing trial balance was as follows: Credit Cash Debit $5.230 1.200 Accounts receivable Supplies 690 Accounts payable $400 1.120 Unearned service revenue Common stock 3.600 Retained earnings 2.000 $7.120 57,120 The company underwent a major expansion in July, New staff was hired and more financing was obtained, Green River conducted the following transactions during July 2017, and adjusts its accounts monthly July 1Purchased equipment...
At June 30, 2017, the end of its most recent fiscal year, Novak Computer Consultants’ post-closing trial balance was as follows: Debit Credit Cash $ 4,920 Accounts receivable 1,130 Supplies 650 Accounts payable $ 380 Unearned service revenue 1,050 Common stock 3,400 Retained earnings 1,870 $ 6,700 $ 6,700 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Novak conducted the following transactions during July 2017, and adjusts its accounts monthly. July...
part a. Record the above transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. ) part b. Prepare T accounts, enter any opening balances , post the journal entries and calculate and enter balances. (Post entries in the order of journal entries presented above. If...
At June 30, 2017, the end of its most recent fiscal year Green River Computer Consultants post-closing trial balance was as follows: Credit Cash Debit $5.230 1.200 Accounts receivable Supplies 690 Accounts payable Unearned service revenue 1.120 Common stock 3.600 Retained earnings 2.000 57,120 $7.120 The company underwent a major expansion in July, New staff was hired and more financing was obtained, Green River conducted the following transactions during July 2017, and adjusts its accounts monthly July 1 Purchased equipment...
At June 30, 2017, the end of its most recent fiscal year, Ayayai Computer Consultants' post-closing trial balance was as follows: Debit Credit Cash $3,870 Accounts receivable 890 Supplies 510 Accounts payable $300 Unearned service revenue 830 Common stock 2,700 Retained earnings 1440 $5,270 $5.270 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Ayayai conducted the following transactions during July 2017, and adjusts its accounts monthly. July 1 Purchased equipment, paying...
At June 30, 2017, the end of its most recent fiscal year Green River Computer Consultants post-closing trial balance was as follows: Credit Cash Debit $5.230 1.200 Accounts receivable Supplies 690 Accounts payable $400 1.120 Unearned service revenue Common stock 3.600 Retained earnings 2.000 $7.120 57,120 The company underwent a major expansion in July, New staff was hired and more financing was obtained, Green River conducted the following transactions during July 2017, and adjusts its accounts monthly July 1Purchased equipment...