1.
Date | General Journal | Debit | Credit |
December 31 | Salaries and wages expense | 1,100 | |
Salaries and wages payable | 1,100 | ||
( To record salaries expense) |
2.
Salaries and Wages Expense | |||
Beg. Bal. | 22,000 | ||
Dec. 31 | 1,100 | ||
End. Bal. | 23,100 |
Salaries and Wages Payable | |||
0 | Beg. Bal. | ||
1,100 | Dec. 31 | ||
1,100 | End. Bal. |
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December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0...
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $29,000. Employees have been paid for work done up to December 27, but the $1,200 they have earned for December 28–31 has not yet been paid or recorded. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the...
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wage Expense of $24,000. Employees have been paid for work done up to December 27, but the $1,300 they have earned for December 28-31 has not yet been paid or recorded. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the...
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $21,000. Employees have been paid for work done up to December 27, but the $1,300 they have earned for December 28–31 has not yet been paid or recorded. Required: points 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report...
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of Su anu Expense of $29,000. Employees have been paid for work done up to December 27, but the $1.200 they have eamed for December 28-31 has not yet been paid or recorded. Required: 1. Prepare the adjusting journal entry on December 31, 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete...
At December 31, the unadjusted trial balance of H&R Tacks
reports Software of $28,500 and and zero balances in Accumulated
Amortization and Amortization Expense. Amortization for the period
is estimated to be $5,700.
Required:
Prepare the adjusting journal entry on December 31.
Prepare the T-accounts for each account, enter the unadjusted
balances, post the adjusting journal entry, and report the adjusted
balance.
Journal entry worksheet < 1 Record the adjusting entry on December 31. Note: Enter debits before credits Date...
At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $7,920 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for 24 months. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare...
At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $9,120 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for 24 months. Required: 1. Prepare the adjusting journal entry on December 31, 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare...
At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $12,000. Employees have been paid for work done up to December 27, but the $1,200 they have earned for December 28–31 has not yet been paid or recorded. Required: Prepare the adjusting journal entry on December 31. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.
At December 31, the unadjusted trial balance of H&R Tacks reports Deferred Revenue of $5,300 and Service Revenues of $34,100. Obligations for one-half of the deferred revenue have been fulfilled as of December 31. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2...
At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $25,000 and zero balances in Accumulated Depreciation and Depreciation Expense. Depreciation for the period is estimated to be $5,000. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the...