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Required information For each of the following transactions for the Sky Blue Corporation: a. Collected $2,700...
Required information For each of the following transactions for the Sky Blue Corporation: a Collected $4,950...
Required information For each of the following transactions for the Sky Blue Corporation: a Collected $4,950 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1. b. Paid $3,240 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount c Used a machine purchased on October 1 for $58,200. The company estimates annual depreciation of $5,820. Prepare the adjusting journal entries required on October 31. (If no...
Required information For each of the following transactions for the Sky Blue Corporation: a. Collected $3,750...
Required information For each of the following transactions for the Sky Blue Corporation: a. Collected $3,750 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1. b. Paid $2,280 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. c. Used a machine purchased on October 1 for $53,400. The company estimates annual depreciation of $5,340. Prepare the adjusting journal entries required on October 31. (If no...
! Required information For each of the following transactions for the Sky Blue Corporation: a. Collected...
! Required information For each of the following transactions for the Sky Blue Corporation: a. Collected $2,700 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1. b. Paid $1,440 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. c. Used a machine purchased on October 1 for $49,200. The company estimates annual depreciation of $4,920. Give the accounting equation effects of the adjustments required at...
Required information For each of the following transactions for the Sky Blue Corporation: a. Collected $2,700...
Required information For each of the following transactions for the Sky Blue Corporation: a. Collected $2,700 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1. b. Paid $1,440 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. c. Used a machine purchased on October 1 for $49,200. The company estimates annual depreciation of $4,920. ive the accounting equation effects of the adjustments required at the...
Required information For each of the following transactions for the Sky Blue Corporation: a. Collected $5,250...
Required information For each of the following transactions for the Sky Blue Corporation: a. Collected $5,250 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1. b. Paid $3,480 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. c. Used a machine purchased on October 1 for $59,400. The company estimates annual depreciation of $5,940. Prepare the adjusting journal entries required on October 31. (If no...
For each of the following transactions for the Sky Blue Corporation, prepare the adjusting journal entries...
For each of the following transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Collected $2,550 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1. Paid $1,320 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. Used a machine purchased on...
Required information [The following information applies to the questions displayed below.) The Sky Blue Corporation has...
Required information [The following information applies to the questions displayed below.) The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit Debit $ 1,310 2,800 3,100 3,800 16,000 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense Total $...
Required information For each of the following transactions for the Sky Blue Corporation: Collected $5,100 rent...
Required information For each of the following transactions for the Sky Blue Corporation: Collected $5,100 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1. Paid $3,360 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. Used a machine purchased on October 1 for $58,800. The company estimates annual depreciation of $5,880. rev: 09_26_2018_QC_CS-140420 Give the accounting equation effects of the adjustments required at the end...
Required information The following information applies to the questions displayed below.] The Sky Blue Corporation has...
Required information The following information applies to the questions displayed below.] The Sky Blue Corporation has the following adjusted trial balance at December 31 Debit Credit S 1,320 2,900 3,200 3,900 16,500 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense $ 4,400...
The Sky Blue Corporation has the following adjusted trial balance at December 31 Credit Debit $...
The Sky Blue Corporation has the following adjusted trial balance at December 31 Credit Debit $ 1,350 3,200 3,500 4,200 18,000 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long- term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Unearned Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense $ 5,000 6,620 1,600 4,100 840 3,600 1,480 420 52,830 420 24,000...
Required information For each of the following transactions for the Sky Blue Corporation: a Collected $4,950 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1. b. Paid $3,240 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount c Used a machine purchased on October 1 for $58,200. The company estimates annual depreciation of $5,820. Prepare the adjusting journal entries required on October 31. (If no...
Required information For each of the following transactions for the Sky Blue Corporation: a. Collected $3,750 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1. b. Paid $2,280 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. c. Used a machine purchased on October 1 for $53,400. The company estimates annual depreciation of $5,340. Prepare the adjusting journal entries required on October 31. (If no...
! Required information For each of the following transactions for the Sky Blue Corporation: a. Collected $2,700 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1. b. Paid $1,440 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. c. Used a machine purchased on October 1 for $49,200. The company estimates annual depreciation of $4,920. Give the accounting equation effects of the adjustments required at...
Required information For each of the following transactions for the Sky Blue Corporation: a. Collected $2,700 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1. b. Paid $1,440 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. c. Used a machine purchased on October 1 for $49,200. The company estimates annual depreciation of $4,920. ive the accounting equation effects of the adjustments required at the...
Required information For each of the following transactions for the Sky Blue Corporation: a. Collected $5,250 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1. b. Paid $3,480 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. c. Used a machine purchased on October 1 for $59,400. The company estimates annual depreciation of $5,940. Prepare the adjusting journal entries required on October 31. (If no...
Required information [The following information applies to the questions displayed below.) The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit Debit $ 1,310 2,800 3,100 3,800 16,000 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense Total $...
Required information The following information applies to the questions displayed below.] The Sky Blue Corporation has the following adjusted trial balance at December 31 Debit Credit S 1,320 2,900 3,200 3,900 16,500 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense $ 4,400...
The Sky Blue Corporation has the following adjusted trial balance at December 31 Credit Debit $ 1,350 3,200 3,500 4,200 18,000 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long- term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Unearned Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense $ 5,000 6,620 1,600 4,100 840 3,600 1,480 420 52,830 420 24,000...
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