Cortina Company accumulates the following adjustment data at December 31. Indicate (1) the type of adjustment...
Wang Company accumulates the following adjustment data at December 31. For each item, indicate the (1) type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and (2) the status of the accounts before adjustment (overstated or understated). (Enter your answers in alphabetical order.) (1) Type of Adjustment (2) Accounts Before Adjustment (a) Services performed but unbilled totals $600. Accrued Revenues Assets Understated Revenues Understated (b) Store supplies of $160 are on hand. The supplies account shows a...
Wang Company accumulates the following adjustment data at December 31. For each item, indicate the (1) type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and (2) the status of the accounts before adjustment (overstated or understated). (Enter your answers in alphabetical order.) (1) Type of Adjustment (2) Accounts Before Adjustment (a) Services performed but unbilled totals $600. Select a type of adjustment ...
Wang Company accumulates the following adjustment data at December 31. For each item, indicate the (1) type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and (2) the status of the accounts before adjustment (overstated or understated). (Enter your answers in alphabetical order.) (1) Type of Adjustment (2) Accounts Before Adjustment (a) Services performed but unbilled totals $600. Select a type of adjustment ...
Wang Company accumulates the following adjustment data at December 31. For each item, indicate the (1) type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and (2) the status of the accounts before adjustment (overstated or understated). (Enter your answers in alphabetical order.) (1) Type of Adjustment (2) Accounts Before Adjustment (a) Services performed but unbilled totals $600. Select a type of adjustment ...
For each item, indicate (1) the type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and (2) the status of the accounts before adjustment (overstated or understated). (Enter your answers in alphabetical order.) (1) Type of Adjustment (2) Accounts Before Adjustment (a) Services performed but unbilled total $600. < (b) Store supplies of $160 are on hand. The supplies account shows a $1,900 balance > c) Utility expenses of $275 are unpaid. < (d) Services performed of...
Question 7 of 12 -/15 For each item, indicate (1) the type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and (2) the status of the accounts before adjustment (overstated or understated). (Enter your answers in alphabetical order) (1) Type of Adjustment (2) Accounts Before Adjustment a. Services performed but unbilled total $612 b. Store supplies of $161 are on hand. The supplies account shows a $1,938 balance. C Utility expenses of $286 are unpaid and unrecorded....
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Moteki Company accumulates the following adjustment data at December 31. Indicate (a) the type of adjustment (prepaid expense, accrued revenue, and so on), and (b) the status of accounts before adjustment (overstated or understated). (Enter answers in alphabetical order.) 1. 2. 3. 4. Supplies of $100 are on hand. Services performed but not recorded total $900. Interest of $200 has accumulated on a note payable. Rent collected in advance totaling $650 has been earned (a) (b) Type of...
CALCULATOR P Exercise 3-6 Lei Company accumulates the following adjustment data at December 31. 1. Services performed but unbilled total $1,000. 2. Supplies of $300 have been used. Utility expenses of $225 are unpaid. 4. Services performed of $260 collected in advance. 5. Salaries of $800 are unpaid. 6. Prepaid insurance totaling $350 has expired. For each of the above items indicate the following. (Enter ans phabetical order.) (a) The type of adjustment (prepaid expense, unearned revenu (b) The status...
Orwell Surf Shop accumulates the following adjustment data at December 31. 1. Services performed but unbilled total €3,000. 2. Supplies of €300 have been used. 3. Utility expenses of €552 are unpaid. 4. Services performed of €260 collected in advance. 5. Salaries of €800 are unpaid. 6. Prepaid insurance totaling €350 has expired. Identify the type of adjusting entry needed. Prepare adjusting entries from selected data. Identify types of adjustments and account relationships.For each of the above items indicate the...
View Policies Current Attempt in Progress Cortina Company accumulates the following adjustment data at December 31. Indicate (1) the type of adjustment (prepaid expense, accrued revenue, and so on) and (2) the status of the accounts before adjustment (overstated or understated) (Enter your answers in alphabetical order) (1) Type of Adjustment (2) Accounts Before Adjustment Item a. Supplies of $400 are on hand Supplies account shows $1,600 balance 7 b Services performed butunbilied total $700. Interest of $300 has accumulated...