Please i need adjustment journals entries
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Please i need adjustment journals entries
Record Depreciation Expense of $1,600 ($500, $600, $400 and $100...
2 Record the appropriate adjusting journal entries on 1/31/2020 based on the following: a. An inventory...
2 Record the appropriate adjusting journal entries on 1/31/2020 based on the following: a. An inventory of supplies reveals that only $200 of supplies remain as of 1/31/2020. (You'll need to add a new Supplies account - Account Type: Expenses, Detail Type: Supplies & Materials, Name: Supplies) b. $1,500 of prepaid expenses expired (representing prepaid insurance) in the month of January T c. A bill for $350 was received and recorded in the next month from Fixit, Inc. for repairs...
Record depreciation on computers. Record depreciation on office furniture. Record the adjusting entry related to salaries....
Record depreciation on computers.
Record depreciation on office furniture.
Record the adjusting entry related to salaries.
Record the adjusting entry related to insurance.
Record the adjusting entry related to office supplies.
Record the adjusting entry related to utilities.
1,170 Following are two income statements for Alexis Co. for the year ended December 31. The left number column is prepared before adjusting entries are recorded, and the right column is prepared after adjusting entries. The company records cash receipts and payments...
Problem 3-3B Record adjusting entries (LO3-3) The information necessary for preparing the 2021 year-end adjusting entries...
Problem 3-3B Record adjusting entries (LO3-3) The information necessary for preparing the 2021 year-end adjusting entries for Bearcat Personal Training Academy appears below. Bearcat's fiscal year-end is December 31. 1. Depreciation on the equipment for the year is $5,300. 2. Salaries earned (but not paid) from December 16 through December 31, 2021, are $2,300. 3. On March 1, 2021, Bearcat lends an employee $11,500. The employee signs a note requiring principal and interest at 12% to be paid on February...
1. Record the earned revenue. 2. Record the depreciation expense. 3. Record the use of spare...
1. Record the earned revenue.
2. Record the depreciation expense.
3. Record the use of spare parts inventory.
4. Record the accrued revenue.
5. Record the accrued utilities expense.
6. Record the collection of accrued revenues.
7. Record the payment of accrued utilities expense.
EnviroWaste's year-end is December 31. The information in (a) to (e) is available at year-end for the preparation of adjusting entries: a. Of the $17,600 balance in Unearned Revenue, $2,600 remains unearned. b. The annual building...
Required i Required 2 Prepare the journal entry to record depreciation expense at the end of...
Required i Required 2 Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: (Do not round inter calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation expense for the three used machines at the end of year 1 Note: Enter debits before credits. Transaction General Journal Debit Credit . . At the beginning...
Suppose if the question asks to prepare journal for Depreciation expense for 2028, we need to...
Suppose if the question asks to prepare journal for
Depreciation expense for 2028, we need to triple the number up? is
that correct?
The 2nd image is the journal expense for 2025.
Assignment 2 Equipment was acquired on January 1, 2021, at a cost of $12,000. The equipment was originally estimated to have a salvage value of $1,000 and an estimated life of 10 years. Depreciation has been recorded through to December 31, 2024, using the straight-line method. On January...
Prepare the Balance Day Adjustment Journals for the ‘Shore Read’ where required. The journals must be...
Prepare the Balance Day Adjustment Journals for the ‘Shore Read’
where required. The journals must be correctly formatted and
include a narration (explanation) for each journal entry.
Debit ($) Credit ($) Shore Read Unadjusted Trial Balance 30 June 2020 18 000 2 387 3001 85 104 27 400 140 000 1536 85 000 848 7 360 1 336 5 920 211 580 520 62 840 7 200 Shop Cleaning Expense Gas Expense Water Expense Motor Vehicle Cash at Bank...
need help with D and E Adjusting Entries Case 1 Now it is time to make...
need help with D and E
Adjusting Entries Case 1 Now it is time to make some adjusting journal entries. Based on what you learned in the text using the Sample Company, you are to make the following changes to the Case 1 company you modified in Chapter 8: 1 Open and review your previously customized report named Trial Balance 1/31/18 2 Record the appropriate adjusting journal entries on 1/31/18 based on the following: a. An inventory of supplies reveals...
Required: Record the necessary adjusting entries at December 31, 2021, for Hurricane Company for each of...
Required: Record the necessary adjusting entries at December 31, 2021, for Hurricane Company for each of the situations. Assume that no financial statements were prepared during the year and no adjusting entries were recorded. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet 1. On October 1, 2021, Hurricane lends $7,700 to another company. The other company signs a note indicating principal...
The following accounts at 12/31/2020 are listed in alphabetical order. Create a worksheet. Record the adjusting...
The following accounts at 12/31/2020 are listed in alphabetical
order. Create a worksheet. Record the adjusting entries (info
below) on the worksheet and complete the worksheet. Prepare a
multiple step income statement, Statement of Retained Earnings and
a Classified Balance Sheet for 2020.
Adjustment information: (you may have to add accounts to the
worksheet)
Accrue interest expense, $650.
Record depreciation, building - $4,200; equipment -
$2,200.
Allowance for Doubtful Accounts should be $750.
Rent received in advance of $1000 for...
2 Record the appropriate adjusting journal entries on 1/31/2020 based on the following: a. An inventory of supplies reveals that only $200 of supplies remain as of 1/31/2020. (You'll need to add a new Supplies account - Account Type: Expenses, Detail Type: Supplies & Materials, Name: Supplies) b. $1,500 of prepaid expenses expired (representing prepaid insurance) in the month of January T c. A bill for $350 was received and recorded in the next month from Fixit, Inc. for repairs...
Record depreciation on computers.
Record depreciation on office furniture.
Record the adjusting entry related to salaries.
Record the adjusting entry related to insurance.
Record the adjusting entry related to office supplies.
Record the adjusting entry related to utilities.
1,170 Following are two income statements for Alexis Co. for the year ended December 31. The left number column is prepared before adjusting entries are recorded, and the right column is prepared after adjusting entries. The company records cash receipts and payments...
Problem 3-3B Record adjusting entries (LO3-3) The information necessary for preparing the 2021 year-end adjusting entries for Bearcat Personal Training Academy appears below. Bearcat's fiscal year-end is December 31. 1. Depreciation on the equipment for the year is $5,300. 2. Salaries earned (but not paid) from December 16 through December 31, 2021, are $2,300. 3. On March 1, 2021, Bearcat lends an employee $11,500. The employee signs a note requiring principal and interest at 12% to be paid on February...
1. Record the earned revenue.
2. Record the depreciation expense.
3. Record the use of spare parts inventory.
4. Record the accrued revenue.
5. Record the accrued utilities expense.
6. Record the collection of accrued revenues.
7. Record the payment of accrued utilities expense.
EnviroWaste's year-end is December 31. The information in (a) to (e) is available at year-end for the preparation of adjusting entries: a. Of the $17,600 balance in Unearned Revenue, $2,600 remains unearned. b. The annual building...
Required i Required 2 Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: (Do not round inter calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation expense for the three used machines at the end of year 1 Note: Enter debits before credits. Transaction General Journal Debit Credit . . At the beginning...
Suppose if the question asks to prepare journal for
Depreciation expense for 2028, we need to triple the number up? is
that correct?
The 2nd image is the journal expense for 2025.
Assignment 2 Equipment was acquired on January 1, 2021, at a cost of $12,000. The equipment was originally estimated to have a salvage value of $1,000 and an estimated life of 10 years. Depreciation has been recorded through to December 31, 2024, using the straight-line method. On January...
Prepare the Balance Day Adjustment Journals for the ‘Shore Read’
where required. The journals must be correctly formatted and
include a narration (explanation) for each journal entry.
Debit ($) Credit ($) Shore Read Unadjusted Trial Balance 30 June 2020 18 000 2 387 3001 85 104 27 400 140 000 1536 85 000 848 7 360 1 336 5 920 211 580 520 62 840 7 200 Shop Cleaning Expense Gas Expense Water Expense Motor Vehicle Cash at Bank...
need help with D and E
Adjusting Entries Case 1 Now it is time to make some adjusting journal entries. Based on what you learned in the text using the Sample Company, you are to make the following changes to the Case 1 company you modified in Chapter 8: 1 Open and review your previously customized report named Trial Balance 1/31/18 2 Record the appropriate adjusting journal entries on 1/31/18 based on the following: a. An inventory of supplies reveals...
Required: Record the necessary adjusting entries at December 31, 2021, for Hurricane Company for each of the situations. Assume that no financial statements were prepared during the year and no adjusting entries were recorded. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet 1. On October 1, 2021, Hurricane lends $7,700 to another company. The other company signs a note indicating principal...
The following accounts at 12/31/2020 are listed in alphabetical
order. Create a worksheet. Record the adjusting entries (info
below) on the worksheet and complete the worksheet. Prepare a
multiple step income statement, Statement of Retained Earnings and
a Classified Balance Sheet for 2020.
Adjustment information: (you may have to add accounts to the
worksheet)
Accrue interest expense, $650.
Record depreciation, building - $4,200; equipment -
$2,200.
Allowance for Doubtful Accounts should be $750.
Rent received in advance of $1000 for...
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