a) Adjusting entry
No | General Journal | Debit | Credit |
1 | Depreciation expense (192000-24000/16) | 10500 | |
Accumulated depreciation-equipment | 10500 | ||
2 | Interest expense (90000*8%*92/360) | 1840 | |
Interest payable | 1840 | ||
3 | Admission revenue (2000*30) | 60000 | |
Deferred revenue | 60000 | ||
4 | Prepaid advertising | 1100 | |
Advertising expense | 1100 | ||
5 | Salaries and wages expense | 4700 | |
Salaries and wages payable | 4700 | ||
b) Calculate following
1) Interest expense = 1840+1400 = 3240
2) Admissions revenue = 380000-60000 = 320000
3) Advertising expense = 13680-1100 = 12580
4) Salaries and wages expense = 57600+4700 = 62300
PUOLE PUULIUOLLS LLLLLLL The accounts listed below appeared in the Decen s listed below appeared in...
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