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Answer:- Following is the journal entry
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S3-12 (similar to) Question Help At the end of June, Galant Dental had performed $6,000 of...
11A. Rapid Way Printing Services purchased $6,000 of printing supplies for cash, recording the transaction using...
11A. Rapid Way Printing Services purchased $6,000 of printing supplies for cash, recording the transaction using the alternative treatment for deferred expenses. At the end of the year, Rapid Way had $350 of printing supplies remaining. Record the journal entry for the purchase of printing supplies and the adjusting entry for printing supplies not used. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First record the journal entry for the purchase...
T12-3 (similar to) Question Help 21. EBM Consulting Services had the following transactions for the month...
T12-3 (similar to) Question Help 21. EBM Consulting Services had the following transactions for the month of November. Journalize the transactions and include an explanation with each entry (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Click the icon to view the transactions.) ts ork Test Nov. 1: The business received $11,000 cash and issued common stock. Accounts and Explanation Date Debit Credit Nov. 1 Question Viewer Accounts and Explanation Debit...
E3-21 (similar to) Question Help Consider the following situations: (Click the icon to view the situations.)...
E3-21 (similar to) Question Help Consider the following situations: (Click the icon to view the situations.) Assume the company records adjusting entries monthly. Journalize the adjusting entries needed as of January 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Business receives $2,000 on January 1 for 10-month service contract for the period January 1 through October 31. (When the cash was received on January 1, assume that a liability...
E3-23 (similar to) Question Help Consider the following situations for Takoma Park Welding Services: (Click the...
E3-23 (similar to) Question Help Consider the following situations for Takoma Park Welding Services: (Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Depreciation for the current year includes Equipment, $2,500. 0 More Info Date Accounts and Explanation Debit Credit (a) Dec. 31 a. Depreciation...
Consider the following situations for Brunswick Welding Services Click the icon to view the situations) Journalize...
Consider the following situations for Brunswick Welding Services Click the icon to view the situations) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debits first, then credits Select the explanation on the last line of the journal entry table) a. Depreciation for the current year includes Equipment, $2.900 Date Accounts and Explanation (a) Dec 31 Debat Credit b. Each Monday. Brunswick pays employees for the previous week's work....
S3-4 (similar to) E Question Help Home Furniture Store's Prepaid rent balance is $9,000 on October...
S3-4 (similar to) E Question Help Home Furniture Store's Prepaid rent balance is $9,000 on October 1. This prepaid rent represents twelve months' rent. Journalize and post the adjusting entry on October 31 to record one month's rent. Compute the balances of the two accounts involved on October 31 Journalize the adjusting entry for one month's rent. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Oct 31 Rent expense Prepaid rent
please reply in same format. Startech Surveillance Services had the following adjustments as of the end...
please reply in same format.
Startech Surveillance Services had the following adjustments as of the end of the year. (Click the icon to view the adjustments.) 6. For each situation, indicate which category of adjustment (deferral or accrual) is described. 7. Journalize the adjusting entry needed. More Info a. Equipment depreciation was $1,300. b. $800 of advertising expense was incurred but not paid. (Use Advertising Payable.) c. Office Supplies on hand at the end of the year totaled $475. The...
S3-10 (book/static) Question Help Birch Park Senior Center has a weekly payroll of $12,500. December 31...
S3-10 (book/static) Question Help Birch Park Senior Center has a weekly payroll of $12,500. December 31 falls on Wednesday, and Birch Park Senior Center will pay its employees the following Monday (January 5) for the previous full week. Assume Birch Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense of $620,000. Read the requirements Requirement 1. Record the adjusting entry for accrued salaries on December 31. (Record debits first, then credits. Select the explanation...
The employees of Xitrex, Inc., are paid each Friday. The company's fiscal year-end is June 30,...
The employees of Xitrex, Inc., are paid each Friday. The company's fiscal year-end is June 30, which falls on a Wednesday for the current year. Salaries are earned evenly throughout the five-day work week, and $22,000 will be paid on Friday, July 2. Required: 1. Prepare an adjusting entry to record the accrued salaries as of June 30, a reversing entry on July 1, and an entry to record the payment of salaries on July 2. 2. Prepare journal entries...
X Х T13-3 (similar to) * More Info Startech Surveillance Services had the follow (Click the...
X Х T13-3 (similar to) * More Info Startech Surveillance Services had the follow (Click the icon to view the adjustments.) a. Equipment depreciation was $1,300 6. For each situation, indicate which categor b. $600 of advertising expense was incurred but not paid. (Use Advertising Payable.) 7. Journalize the adjusting entry needed. c. Office Supplies on hand at the end of the year totaled $400. The beginning balance of Office Supplies was $700. (Assume no office supplies were purchased during...
11A. Rapid Way Printing Services purchased $6,000 of printing supplies for cash, recording the transaction using the alternative treatment for deferred expenses. At the end of the year, Rapid Way had $350 of printing supplies remaining. Record the journal entry for the purchase of printing supplies and the adjusting entry for printing supplies not used. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First record the journal entry for the purchase...
T12-3 (similar to) Question Help 21. EBM Consulting Services had the following transactions for the month of November. Journalize the transactions and include an explanation with each entry (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Click the icon to view the transactions.) ts ork Test Nov. 1: The business received $11,000 cash and issued common stock. Accounts and Explanation Date Debit Credit Nov. 1 Question Viewer Accounts and Explanation Debit...
E3-21 (similar to) Question Help Consider the following situations: (Click the icon to view the situations.) Assume the company records adjusting entries monthly. Journalize the adjusting entries needed as of January 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Business receives $2,000 on January 1 for 10-month service contract for the period January 1 through October 31. (When the cash was received on January 1, assume that a liability...
E3-23 (similar to) Question Help Consider the following situations for Takoma Park Welding Services: (Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Depreciation for the current year includes Equipment, $2,500. 0 More Info Date Accounts and Explanation Debit Credit (a) Dec. 31 a. Depreciation...
Consider the following situations for Brunswick Welding Services Click the icon to view the situations) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debits first, then credits Select the explanation on the last line of the journal entry table) a. Depreciation for the current year includes Equipment, $2.900 Date Accounts and Explanation (a) Dec 31 Debat Credit b. Each Monday. Brunswick pays employees for the previous week's work....
S3-4 (similar to) E Question Help Home Furniture Store's Prepaid rent balance is $9,000 on October 1. This prepaid rent represents twelve months' rent. Journalize and post the adjusting entry on October 31 to record one month's rent. Compute the balances of the two accounts involved on October 31 Journalize the adjusting entry for one month's rent. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Oct 31 Rent expense Prepaid rent
please reply in same format.
Startech Surveillance Services had the following adjustments as of the end of the year. (Click the icon to view the adjustments.) 6. For each situation, indicate which category of adjustment (deferral or accrual) is described. 7. Journalize the adjusting entry needed. More Info a. Equipment depreciation was $1,300. b. $800 of advertising expense was incurred but not paid. (Use Advertising Payable.) c. Office Supplies on hand at the end of the year totaled $475. The...
S3-10 (book/static) Question Help Birch Park Senior Center has a weekly payroll of $12,500. December 31 falls on Wednesday, and Birch Park Senior Center will pay its employees the following Monday (January 5) for the previous full week. Assume Birch Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense of $620,000. Read the requirements Requirement 1. Record the adjusting entry for accrued salaries on December 31. (Record debits first, then credits. Select the explanation...
The employees of Xitrex, Inc., are paid each Friday. The company's fiscal year-end is June 30, which falls on a Wednesday for the current year. Salaries are earned evenly throughout the five-day work week, and $22,000 will be paid on Friday, July 2. Required: 1. Prepare an adjusting entry to record the accrued salaries as of June 30, a reversing entry on July 1, and an entry to record the payment of salaries on July 2. 2. Prepare journal entries...
X Х T13-3 (similar to) * More Info Startech Surveillance Services had the follow (Click the icon to view the adjustments.) a. Equipment depreciation was $1,300 6. For each situation, indicate which categor b. $600 of advertising expense was incurred but not paid. (Use Advertising Payable.) 7. Journalize the adjusting entry needed. c. Office Supplies on hand at the end of the year totaled $400. The beginning balance of Office Supplies was $700. (Assume no office supplies were purchased during...
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