Jaworski's Ski Store | ||||||
Journal entry | ||||||
Date | Particulars | Dr.($) | Cr.($) | |||
A | Dec-31 | Supplies expense A/c Dr. | 790 | |||
To | Supplies A/c | 790 | ||||
B | Dec-31 | Wages A/c Dr. | 4,200 | |||
To | Outsatnding wages A/c | 4,200 | ||||
C | Dec-31 | Deferred revenue A/c Dr. | 2,300 | |||
To | Cash A/c | 2,300 | ||||
D | Dec-31 | Depreciation-Equipment A/c Dr. | 2,500 | |||
To | Accumulated Depreciation-Equipment A/c | 2,500 | ||||
E | Dec-31 | Insurance A/c Dr. | 825 | |||
To | Prepaid insurance A/c | 825 | ||||
F | Dec-31 | Revenue receivable A/c Dr. | 800 | |||
To | Service Revenue A/c | 800 |
Working Notes:
Calculation of insurance for the year
Prepaid Insurance 3300 for 2 year
Current year insurance charge from (July to December) = 3300/2*6/12 = 825
E4-8 Recording Typical Adjusting Journal Entries [LO 4-1, LO 4-2, LO 4-6) Jaworski's Ski Store is...
E4-8 Recording Typical Adjusting Journal Entries (LO 4-1, LO 4-2, LO 4-6] Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2018. The transactions during 2018 have been journalized and posted. The following data are available to determine adjusting journal entries: 9 a. The unadjusted balance in Supplies was $900 at December 31, 2018. The unadjusted balance in Supplies Expense was so at December 31, 2018. A year-end count showed $110 of supplies on...
Check my wor E4-8 Recording Typical Adjusting Journal Entries (LO 4-1, LO 4-2, LO 4-6] Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2018. The transactions during 2018 have been journalized and posted. The following data are available to determine adjusting journal entries: a. The unadjusted balance in Supplies was $930 at December 31, 2018. The unadjusted balance in Supplies Expense was $0 at December 31, 2018. A year-end count showed $110 of...
Check my work 5 E4-8 Recording Typical Adjusting Journal Entries (LO 4-1, LO 4-2, LO 4-6) Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2018. The transactions during 2018 have been journalized and posted. The following data are available to determine adjusting journal entries: 20:54 ok 1 . a. The unadjusted balance in Supplies was $900 at December 31, 2018. The unadjusted balance in Supplies Expense was $0 at December 31, 2018. A...
LO 4-1, 4-2, 4-6 54-8 Recording Typical Adjusting Journal Entries Isworski's Ski Store is completing the accounting process for its first year ended December 31, 2015. The transactions during 2015 have been journalized and posted. The following data are available to determine adjusting journal entries: 4 The unadjusted balance in Supplies was $850 at December 31, 2015. The unadjusted balance in Supplies Expense was $0 at December 31, 2015. A year-end count showed $100 of supplies on hand. TER 4...
Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2018. The transactions during 2018 have been journalized and posted. The following data are available to determine adjusting journal entries a. The unadiusted balance in Supplies was $820 at December 31, 2018. The unadjusted balance in Supplies Expense was $0 at December 31, 2018. A year-end count showed $100 of supplies on hand. b. Wages earned by employees during December 2018, unpaid and unrecorded at...
Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2018. The transactions during 2018 have been journalized and posted. The following data are available to determine adjusting journal entries: a. The unadjusted balance in Supplies was $820 at December 31, 2018. The unadjusted balance in Supplies Expense was $0 at December 31, 2018. A year-end count showed $100 of supplies on hand. b. Wages earned by employees during December 2018, unpaid and unrecorded at...
Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2018. The transactions during 2018 have been journalized and posted. The following data are available to determine adjusting journal entries: a. The unadjusted balance in Supplies was $790 at December 31, 2018. The unadjusted balance in Supplies Expense was $0 at December 31, 2018. A year-end count showed $100 of supplies on hand. b. Wages earned by employees during December 2018, unpaid and unrecorded at...
Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2018. The transactions during 2018 have been journalized and posted. The following data are available to determine adjusting journal entries: a. The unadjusted balance in Supplies was $840 at December 31, 2018. The unadjusted balance in Supplies Expense was $0 at December 31, 2018. A year-end count showed $110 of supplies on hand. b. Wages earned by employees during December 2018, unpaid and unrecorded at...
Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2018. The transactions during 2018 have been journalized and posted. The following data are available to determine adjusting journal entries: a. The unadjusted balance in Supplies was $920 at December 31, 2018. The unadjusted balance in Supplies Expense was $0 at December 31, 2018. A year-end count showed $120 of supplies on hand. b. Wages earned by employees during December 2018, unpaid and unrecorded at...
Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2018. The transactions during 2018 have been journalized and posted. The following data are available to determine adjusting journal entries: a. The unadjusted balance in Supplies was $790 at December 31, 2018. The unadjusted balance in Supplies Expense was so at December 31, 2018. A year-end count showed $100 of supplies on hand. b. Wages earned by employees during December 2018, unpaid and unrecorded at...