3-5) Adjusting entry
Date | account and explanation | Debit | Credit |
Jul 1 | Prepaid insurance | 15120 | |
Cash | 15120 | ||
Dec 31 | Insurance expense (15120/36*6) | 2520 | |
Prepaid insurance | 2520 | ||
T account
Prepaid insurance | |||
Jul 1 | 15120 | ||
Dec 31 (adjusting) | 2520 | ||
Dec 31 balance | 12600 | ||
Insurance expense | |||
Dec 31 | 2520 | ||
need help with be3-6 BE3-6 Using the data in BE3-5, journalize and post the entry on...
al December 31. entry for - BE3-5 On July 1, 2017, Major Co. pays $15.120 to Cruz Insurance Co. for a 3-year insur- ance contract. Both companies have fiscal years ending December 31. For Major Co., jour- nalize and post the entry on July 1 and the adjusting entry on December 31.
unut, ALLBURting Principles, 13e Help System Announcements ament CALCULATOR PRINTER VERSION On July 1, 2019, Major Co. pays $15,120 to Mesa Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. 4 4 BACK N Journalize and post the entry on July 1 and the adjusting entry on December 31 for Mesa Insurance Co. Mesa uses the accounts Uneared Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered....
On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co.
for a 3-year insurance contract. Both companies have fiscal years
ending December 31. Journalize and post the entry on July 1 and the
adjusting entry on December 31 for Kalter Insurance Co. Kalter uses
the accounts Unearned Service Revenue and Service Revenue. (Credit
account titles are automatically indented when the amount is
entered. Do not indent manually. Record journal entries in the
order presented in the problem.)
On
July 1, 2020, Pina Colada Corp. pays $19,500 to Kalter Insurance
Co. for a 3-year insurance contract. Both companies have fiscal
years ending December 31. Journalize and post the entry on July 1
and the adjusting entry on December 31 for Kalter Insurance Co.
Kalter uses the accounts Unearned Service Revenue and Service
Revenue. (Credit account titles are automatically indented when the
amount is entered. Do not indent manually. Record journal entries
in the order presented in the problem.)...
On July 1, 2022. Carla Vista Co. pays $14,632 to Sandhill Co. for a 2-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Sandhill Co. Sandhill uses the accounts Unearned Service Revenue and Service Revenue. (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) Post the entry on July 1 and...
On July 1, 2019, Sunland Co. pays $15,500 to Cheyenne Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Cheyenne Insurance Co. Cheyenne uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round...
Exercise 4-7 (Part Level Submission) July 1, 2017, Crane Com pa ny
pays $ 12,000 to Wil dhorse Co. for a 1-year insurance contract.
Both com pan ies have fiscal years ending December 31. 9)â–²Post the
entry on July 1 and the adjustng entry on December 31 for
Willdhorse Co., (Post entries in the order of journal antries
presented In the previous part Uneamed Service Rvenue
CALCULATOR PRINTER VERLETON Brief Exercise 4-7 (Part Level Submission) On July 1, 2017, Crane...
Question 1 of 6 Current Attempt in Progress On July 1, 2022, Pharoah Co. pays $11,408 to Blossom Co. for a 2-year insurance contract. Both companies have fiscal years ending December 31. Your answer is partially correct. Journalize the entry on July 1 and the adjusting entry on December 31 for Blossom Co. Blossom uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when...
The
red are incorrect
Brief Exercise 3-6 Your answer is partially correct. Try again. On July 1, 2019, Metlock, Inc. pays $16,500 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do...
Brief Exercise 3-06 On July 1, 2019, Crane Co. pays $18,000 to Bramble Insurance Co. for a 4-year Insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Bramble Insurance Co. Bramble uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in...