In completing the work of the accounting cycle at December 31, the end of the fiscal...
In completing the work of the accounting cycle at December 31, the end of the fiscal
year, the following information is available:
(A) The amount of prepaid rent that should be transferred from the asset account to the expense account is $1,000.
- Accrued salaries $500
- Depreciation $400
- On June 1 $10,000 was received in advance to perform services. At December 31, 20% had been earned.
REQUIRED: Based on the above information, using the form provided (below), record in general journal form the necessary adjusting entries that should be made on December 31.
Journal
_______________________________________________________________________________________
Dr. Cr.
(A)
______________________________________________________________________________________
Dr. Cr.
(B)
_______________________________________________________________________________________
Dr. Cr.
(C)
_______________________________________________________________________________________
Dr. Cr.
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Hey I uploaded the wrong data, i resubmitted a new question. Sorry Completing the Accounting Cycle...
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I uploaded the wrong data, i resubmitted a new question.
Sorry
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Hey
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Sorry
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