Prepare the journal entries, that Windsor should record on December 31, 2021.
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Prepare the journal entries, that Windsor should record on December 31, 2021.
Prepare general journal entries to record these transactions. 3) Prepare general journal entries on December 31 to recor...
Prepare general journal entries to record these transactions. 3) Prepare general journal entries on December 31 to record the following unrelated year-end adjustments. a. Estimated depreciation on equipment for the year, $4,500. b. The Prepaid Insurance account has a $3,680 debit balance before adjustment. An examination of insurance policies shows $600 of insurance expired. c. The Prepaid Insurance account has a $2,400 debit balance before adjustment. An examination of insurance policies shows $950 of unexpired insurance. d. The company has...
Prepare the Adjusting Journal Entries (AJEs) that should be made on December 31, 2015, the end...
Prepare the Adjusting Journal Entries (AJEs) that should be made on December 31, 2015, the end of the accounting year, for each of the following independent situations. If no AJE is required, indicate “none.” Assume the firm only makes AJEs at the end of the accounting year. . In addition, identify the impact, if any, on the financial statements if you failed to make the appropriate AJE. Indicate NE for no impact, U for understatement, and O for overstatement. Use...
Required: Prepare the adjusting journal entries that were recorded at December 31, 2021 The general ledger...
Required: Prepare the adjusting journal entries that were recorded at December 31, 2021 The general ledger of the Karlin Company, a consulting company, at January 1.2021. contained the account balances: Account Title Debits Credits 30,000 15,000 20,000 Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 6,000 9,000 40,500 9.500 65,000 65,000 The following is a su u sactions for the year: a. Service revenue, S u ch 50,000 was on account and the balance was...
Exercise 1 (5 points) Prepare general journal entries on December 31 to record the following unrelated...
Exercise 1 (5 points) Prepare general journal entries on December 31 to record the following unrelated year-end adjustments. a. Estimated depreciation on office equipment for the year, KD 5,000. b. The Prepaid Insurance account has a KD 4,680 debit balance before adjustment. An examination of insurance policies shows KD 950 of insurance expired (used). C. The Prepaid Insurance account has a KD 3.400 debit balance before adjustment. An examination of insurance policies shows KD 800 of unexpired insurance. d. The...
Prepare general journal entries on December 31 to record the following unrelated year-end adjustments. a. Estimated...
Prepare general journal entries on December 31 to record the following unrelated year-end adjustments. a. Estimated depreciation on office equipment for the year, SAR 2,000 b. The Prepaid Insurance account has a SAR 2,500 debit balance before adjustment. An examination of insurance policies shows SAR 350 of insurance expired c. The Prepaid Insurance account has a SAR 1,400 debit balance before adjustment. An examination of insurance policies shows SAR 400 of unexpired insurance d. The company has three office employees...
Prepare journal entries to record the transactions, inc on 31 December 2016 (if applicable) includig eloping a p...
Prepare journal entries to record the transactions, inc on 31 December 2016 (if applicable) includig eloping a project to build industrial machinery that is abl are the achievements to ertsof the proje manufacture fish crackers efficiently. The following since Vitatrend Bhd. started the project in February 2 Achievements Dates Costs Made significant progress and was sufficiently sure of the future success of the project. However, there was no indication that the project would be commerciall February-June 2016 RM432,000 feasible Built...
16. Prepare general journal entries on December 31 to record the following unrelated year-end adjustments. a....
16. Prepare general journal entries on December 31 to record the following unrelated year-end adjustments. a. Estimated depreciation on office equipment for the year, S4,000. b. The Prepaid Insurance account has a $3,680 debit balance before adjustment. An examination of insurance policies shows $950 of insurance expired. c. The Prepaid Insurance account has a $2,400 debit balance before adjustment. An examination of insurance policies shows $600 of unexpired insurance. d. The company has three office employees who each earn $100...
2. Prepare the necessary closing entries at December 31, 2021. The December 31, 2021. adjusted trial...
2. Prepare the necessary closing entries at
December 31, 2021.
The December 31, 2021. adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 49, 2ee 295,000 9,580 44,08e 54e, eee Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 226,eee...
Prepare the adjusting entries BRZ should record on December 31, 2017 BRZ Inc Trial Balance December...
Prepare the adjusting entries BRZ should record on December 31,
2017
BRZ Inc Trial Balance December 31, 2017 Debit $10,200 57,900 Credit Cash Accounts receivable Allowance for doubtful accounts Prepaid insurance Furniture and fixtures Accumulated depreciation furniture and fixtures Accounts payable Bond payable (8%, 10 year) Common shares Retained earnings Service revenue Salaries and wages expense Rent expense Supplies expense Advertising expense $2,050 1,332 129,000 12,900 14,100 16,000 56,600 57,300 197,582 123,000 24,600 3,100 7,400 Total S356,532 $356,532 Additional information:...
8 points) Prepare the Adjusting Journal Entries (AJEs) that should be made on December 31, 2015,...
8 points) Prepare the Adjusting Journal Entries (AJEs) that should be made on December 31, 2015, the end of the accounting year, for each of the following independent situations. If no AJE is required, indicate “none.” Assume the firm only makes AJEs at the end of the accounting year. . In addition, identify the impact, if any, on the financial statements if you failed to make the appropriate AJE. Indicate NE for no impact, U for understatement, and O for...
Required: Prepare the adjusting journal entries that were recorded at December 31, 2021 The general ledger of the Karlin Company, a consulting company, at January 1.2021. contained the account balances: Account Title Debits Credits 30,000 15,000 20,000 Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 6,000 9,000 40,500 9.500 65,000 65,000 The following is a su u sactions for the year: a. Service revenue, S u ch 50,000 was on account and the balance was...
Exercise 1 (5 points) Prepare general journal entries on December 31 to record the following unrelated year-end adjustments. a. Estimated depreciation on office equipment for the year, KD 5,000. b. The Prepaid Insurance account has a KD 4,680 debit balance before adjustment. An examination of insurance policies shows KD 950 of insurance expired (used). C. The Prepaid Insurance account has a KD 3.400 debit balance before adjustment. An examination of insurance policies shows KD 800 of unexpired insurance. d. The...
Prepare journal entries to record the transactions, inc on 31 December 2016 (if applicable) includig eloping a project to build industrial machinery that is abl are the achievements to ertsof the proje manufacture fish crackers efficiently. The following since Vitatrend Bhd. started the project in February 2 Achievements Dates Costs Made significant progress and was sufficiently sure of the future success of the project. However, there was no indication that the project would be commerciall February-June 2016 RM432,000 feasible Built...
16. Prepare general journal entries on December 31 to record the following unrelated year-end adjustments. a. Estimated depreciation on office equipment for the year, S4,000. b. The Prepaid Insurance account has a $3,680 debit balance before adjustment. An examination of insurance policies shows $950 of insurance expired. c. The Prepaid Insurance account has a $2,400 debit balance before adjustment. An examination of insurance policies shows $600 of unexpired insurance. d. The company has three office employees who each earn $100...
2. Prepare the necessary closing entries at
December 31, 2021.
The December 31, 2021. adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 49, 2ee 295,000 9,580 44,08e 54e, eee Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 226,eee...
Prepare the adjusting entries BRZ should record on December 31,
2017
BRZ Inc Trial Balance December 31, 2017 Debit $10,200 57,900 Credit Cash Accounts receivable Allowance for doubtful accounts Prepaid insurance Furniture and fixtures Accumulated depreciation furniture and fixtures Accounts payable Bond payable (8%, 10 year) Common shares Retained earnings Service revenue Salaries and wages expense Rent expense Supplies expense Advertising expense $2,050 1,332 129,000 12,900 14,100 16,000 56,600 57,300 197,582 123,000 24,600 3,100 7,400 Total S356,532 $356,532 Additional information:...
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