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b. The inventory of supplies on hand at December 31, 20--, was $230. The 4-month insurance...
On December 31, 20--, Karmansky Company needed to record its accrued wages for year-end. If December...
On December 31, 20--, Karmansky Company needed to record its accrued wages for year-end. If December 31 is a Tuesday, then Karmansky Company must account for two days of wages. The company operates on a five-day workweek, the prior week's gross pay was $29,750, and the net pay was $19,340. Journalize the adjusting entry to be made on December 31 for the accrued wages. If an amount box does not require an entry, leave it blank or enter "0". Account...
Journalizing Adjusting Entries Journalize the following adjusting entries in the general journal below. 1. The supplies...
Journalizing Adjusting Entries
Journalize the following adjusting entries in the general journal
below. 1. The supplies expense for the month is $730. 2. The
insurance expense for the month is $680. 3. The depreciation
expense for delivery equipment is $200. 4. At the end of the month
$100 of wages is payable. If an amount box does not require an
entry, leave it blank.
If an amount box does not require an entry, leave it blank. Page: DATE ACCOUNT TITLE...
Chart of Accounts General Journal Instructions Prepare the December 31 hdjusting entries for the following transactions...
Chart of Accounts General Journal Instructions Prepare the December 31 hdjusting entries for the following transactions 1. Fees accrued but not billed, $6,300. 2. The Supplies account balance on December 31, $4,750, Supplies on hand, $960. 3. Wages accrued but not paid, $2,700. 4. Depreciation of office equipment, $1,650. 5. Rent expired during year, $10,800. General Journal Prepare the December 31 adjusting entries for each transactions. Refer to the Chart of Accounts for exact wording of account titles PAGE 1...
From the following T accounts, journalize the closing entries dated December 31 for Baylor Company. If...
From the following T accounts, journalize the closing entries dated December 31 for Baylor Company. If an amount box does not require an entry, leave it blank. Salary Expense H. Baylor, Drawing + − + − 65,000 55,000 Purchases Returns and Allowances Purchases − + + − 8,600 235,600 Miscellaneous Expense Rent Expense + − + − 12,200 22,000 Sales Returns and Allowances Freight In + − + − 7,400 11,200 Sales Income Summary − + 87,000 103,000 502,000 H....
Saved Chapter 3 Homework 5 a. The December 31 inventory count of computer supplies shows $580...
Saved Chapter 3 Homework 5 a. The December 31 inventory count of computer supplies shows $580 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. C. As of December 31, Lyn Addie has not been paid for four days of work at $125 per day d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. e. The office equipment, acquired on October 1, is...
P3.10 (LO 2, 3, 4,5) (Adjusting and Closing) Presented below is the December 31 trial balance...
P3.10 (LO 2, 3, 4,5) (Adjusting and Closing) Presented below is the December 31 trial balance of New York Boutique. New York Boutique Trial Balance December 31 Credit Debit $ 18,500 32,000 $ 700 80,000 5.100 84,000 Cash Accounts Receivable Allowance for Doubtful Accounts Inventory, December 31 Prepaid Insurance Equipment Accumulated Depreciation---Equipment Notes Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Salaries and Wages Expense (sales) Advertising Expense Salaries and Wages Expense administrative) Supplies Expense 35,000 28,000...
Suppose on December 31, Hipzone Inc. needs to record depreciation on a piece of office equipment....
Suppose on December 31, Hipzone Inc. needs to record depreciation on a piece of office equipment. The equipment was purchased on 1/1/2010 for $2,000, was expected to last 10 years at the time of purchase, and had an expected salvage value of $200. No depreciation has been recorded on the equipment for 2013. Make ALL of the entries required by this transaction.
Requirement 1. Journalize the adjusting entry needed on December 31, the end of the current accounting...
Requirement 1. Journalize the adjusting entry needed on December
31, the end of the current accounting period, for each of the
following independent cases affecting Tiger Corporation. Include an
explanation for each entry.
Details of the Prepaid Insurance account reveal a January 1
(beginning of the year) debit balance of $2,700 and a debit to the
account on March 31 for $3,700to record the payment of an annual
insurance premium. At December 31, $2,000 is still prepaid.
(Record debits first,...
4-4. Adjusting entries. items as of October 31 in the jouma Enter the correct adjusting entries...
4-4. Adjusting entries. items as of October 31 in the jouma Enter the correct adjusting entries for the foll provided. If no entry is required, write "NON The company has received a bill for utilities for the month in the amount of S1.750. This bill will be paid next month. b. Interest on a loan at the bank is due as of November 1. We borrowed $5.000 three months ago at 6% interest. to be shipped to him. At the...
please help will leave great ratings w o ws Dace of $900. A count of supplies...
please help will leave great ratings
w o ws Dace of $900. A count of supplies revealed $400 on hand. B) The $1,200 premium relating to a one-year insurance policy was paid on December 1, 2016. C) The company's equipment, which was purchased last year, depreciates at a rate of $1,000 per year. D) On September 30, 2016, a customer paid $10,000 in advance for services, as of December 31, 2016. Services in the amount of $3,000 had been performed...
On December 31, 20--, Karmansky Company needed to record its accrued wages for year-end. If December 31 is a Tuesday, then Karmansky Company must account for two days of wages. The company operates on a five-day workweek, the prior week's gross pay was $29,750, and the net pay was $19,340. Journalize the adjusting entry to be made on December 31 for the accrued wages. If an amount box does not require an entry, leave it blank or enter "0". Account...
Journalizing Adjusting Entries
Journalize the following adjusting entries in the general journal
below. 1. The supplies expense for the month is $730. 2. The
insurance expense for the month is $680. 3. The depreciation
expense for delivery equipment is $200. 4. At the end of the month
$100 of wages is payable. If an amount box does not require an
entry, leave it blank.
If an amount box does not require an entry, leave it blank. Page: DATE ACCOUNT TITLE...
Chart of Accounts General Journal Instructions Prepare the December 31 hdjusting entries for the following transactions 1. Fees accrued but not billed, $6,300. 2. The Supplies account balance on December 31, $4,750, Supplies on hand, $960. 3. Wages accrued but not paid, $2,700. 4. Depreciation of office equipment, $1,650. 5. Rent expired during year, $10,800. General Journal Prepare the December 31 adjusting entries for each transactions. Refer to the Chart of Accounts for exact wording of account titles PAGE 1...
Saved Chapter 3 Homework 5 a. The December 31 inventory count of computer supplies shows $580 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. C. As of December 31, Lyn Addie has not been paid for four days of work at $125 per day d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. e. The office equipment, acquired on October 1, is...
P3.10 (LO 2, 3, 4,5) (Adjusting and Closing) Presented below is the December 31 trial balance of New York Boutique. New York Boutique Trial Balance December 31 Credit Debit $ 18,500 32,000 $ 700 80,000 5.100 84,000 Cash Accounts Receivable Allowance for Doubtful Accounts Inventory, December 31 Prepaid Insurance Equipment Accumulated Depreciation---Equipment Notes Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Salaries and Wages Expense (sales) Advertising Expense Salaries and Wages Expense administrative) Supplies Expense 35,000 28,000...
Requirement 1. Journalize the adjusting entry needed on December
31, the end of the current accounting period, for each of the
following independent cases affecting Tiger Corporation. Include an
explanation for each entry.
Details of the Prepaid Insurance account reveal a January 1
(beginning of the year) debit balance of $2,700 and a debit to the
account on March 31 for $3,700to record the payment of an annual
insurance premium. At December 31, $2,000 is still prepaid.
(Record debits first,...
4-4. Adjusting entries. items as of October 31 in the jouma Enter the correct adjusting entries for the foll provided. If no entry is required, write "NON The company has received a bill for utilities for the month in the amount of S1.750. This bill will be paid next month. b. Interest on a loan at the bank is due as of November 1. We borrowed $5.000 three months ago at 6% interest. to be shipped to him. At the...
please help will leave great ratings
w o ws Dace of $900. A count of supplies revealed $400 on hand. B) The $1,200 premium relating to a one-year insurance policy was paid on December 1, 2016. C) The company's equipment, which was purchased last year, depreciates at a rate of $1,000 per year. D) On September 30, 2016, a customer paid $10,000 in advance for services, as of December 31, 2016. Services in the amount of $3,000 had been performed...
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