Activity 3.a - Identifying adjustments as Deferrals / Prepaids or Accrual Label the adjustments as either...
Activity 3.a - Identifying adjustments as Deferrals / Prepaids or Accrual
Label the adjustments as either Deferrals / Prepaids or Accrual AND as a revenue or expense. View drag and drop keyboard instructions
Draggable Card,Deferrals / Prepaids
Draggable Card,Accrual
Draggable Card,Prepaid Expense
Draggable Card,Unearned Revenue
Draggable Card,Accrued Revenue
Draggable Card,Accrued Expense
Droppable Area,Customers were billed for $1,400 for work completed.,
Draggable Card,Accrued Revenuecorrect
Draggable Card,Unearned Revenueincorrect
Draggable Card,Deferrals / Prepaids
Droppable Area,Depreciation for the current year includes Equipment, $600.,
Draggable Card,Deferrals / Prepaidscorrect
Draggable Card,Accrued Expense
Droppable Area,Purchased $1,600 of office supplies on account.,
Draggable Card,Accrued Expenseincorrect
Draggable Card,Deferrals / Prepaids
Draggable Card,Prepaid Expensecorrect
Homework Answers
Customers were billed for $1,400 for work completed is an accruals adjustments, and this adjustment will be labelled as accrued revenue.
Depreciation for the current year includes equipment, $600 is a deferrals adjustments, and this adjustment will be labelled as prepaid expense.
Purchased $1,600 of office supplies on account is a deferrals adjustments, and this adjustment will be labelled as prepaid expense.
Add Answer to:
Activity 3.a - Identifying adjustments as Deferrals / Prepaids
or Accrual
Label the adjustments as either...
Activity 3.a - Identifying adjustments as Deferrals / Prepaids or Accrual Label the adjustments as either...
Activity 3.a - Identifying adjustments as Deferrals / Prepaids
or Accrual
Label the adjustments as either Deferrals / Prepaids, Accrual,
or Depreciation AND as a revenue or expense.
HINT Activity 3.a - Identifying adjustments as Deferrals / Prepaids or Accrual Label the adjustments as either Deferrals / Prepaids, Accrual, or Depreciation AND as a revenue or expense. View drag and drop keyboard instructions Deferrals / Prepaids Accrual Prepaid Expense Expense Unearned Revenue Revenue Accrued Revenue Accrued Expense Depreciation Completed services...
Please help! 3 Two Categories and Four Types of Adjustments Ask My Instructor Resources/Glossary HINT Activity...
Please help!
3 Two Categories and Four Types of Adjustments Ask My Instructor Resources/Glossary HINT Activity 3.a - Identifying adjustments as Deferrals / Prepaids or Accrual Label the adjustments as either Deferrals / Prepaids, Accrual, or Depreciation AND as a revenue or expense. View drag and drop keyboard instructions Deferrals / Prepaids Accrual Prepaid Expense Unearned Revenue Accrued Revenue Accrued Expense Depreciation Completed services that were paid for six months earlier, $1,400. Work performed but not yet billed to customer,...
Activity 4.a - Using T-accounts to Analyze Adjustments Fill in the t-accounts for each situation and...
Activity 4.a - Using T-accounts to Analyze Adjustments
Fill in the t-accounts for each situation and label each
transaction as Deferrals/Prepaid, Accrual, or Depreciation. Use
Unadj. Bal. as the label for the opening balance of each account.
Calculate the adjusted balance and use a Bal. posting reference to
show the ending balance of each account. Enter each transaction on
the first available line in the T-Account.
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid, Accrual,...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Employees earned $2,900 in salaries that will be paid next month. The Salaries Expense unadjusted balance as of December 31 is $5,700. Adjustment Type: Salaries Expense Salaries Payable November 1 of the current year, Record the transaction for the year ended December 31 Adjustment Type: Insurance Expense...
Create t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted...
Create t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. 1.Completed services that were paid for six months earlier, $4,270. The Service Revenue unadjusted balance as of December 31 is $8,300. The Unearned Revenue balance as of December 31 is $8,500. 2. Used prepaid insurance of $3,140. The Prepaid Insurance unadjusted balance as of December 31 is $10,800. 3....
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Depreciation for the current year includes Equipment, $3,700. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $7,000. Adjustment Type: Depreciation Expense - Equipment Accumulated Depreciation - Equipment Used office supplies of $290. The Office Supplies unadjusted balance on December 31 is $9,800. Adjustment...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Depreciation for the current year includes Equipment, $4,300. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $7,700. Adjustment Type: AccrualDeferrals/Prepaids Depreciation Expense - Equipment Nov. 1Nov. 15Dec. 1Dec. 31 Nov. 1Nov. 15Dec. 1Dec. 31 Nov. 1Nov. 15Dec. 1Dec. 31 Nov. 1Nov. 15Dec. 1Dec....
Read each scenario, decide whether the company is using Cash basis or Accrual basis, and then...
Read each scenario, decide whether the company is using Cash basis or Accrual basis, and then enter your answer to the question. The Johnny Flowers Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $3,480 for six months of advertising. Johnny Flowers Law Firm recorded $3,480 in the Prepaid Advertising account. If Johnny Flowers Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for...
the expanded accounting equation, activity 3.a - classify the accounts The Expanded Accounting Equation Activity 3.a...
the expanded accounting equation, activity 3.a - classify the
accounts
The Expanded Accounting Equation Activity 3.a - Classify the Accounts Classify which part of the expanded accounting equation each account title belongs to by dragging the account into the correct bucket. View drag and drop keyboard instructions Equipment Common Stock Dividends Insurance Expense Utilities Payable Service Revenue Building Rent Expense Utilities Expense Notes Payable Office Supplies Accounts Payable Delivery Expense Advertising Expense Supplies Expense Truck Cash Salaries Payable ASSETS LIABILITIES...
PRALIL for each of the following independent situations Compute the amounts indicated for each of th....
PRALIL for each of the following independent situations Compute the amounts indicated for each of th. Situation A B 1 ? $1.300 $600 $3,300 $2.500 54 300 52.600 Beginning prepaid insurance balance Cash payments for insurance during the year Ending prepaid insurance balance Insurance expense on the income statement $600 $1,400 $2,600 $4,250 $1,700 $1,150 ? ed account balances and adjustment data are for Global Advertising. on Dec.31: PRACTICE QUESTION 2 The following unadjusted account balances a $14,000 15,500 1,600...
Activity 3.a - Identifying adjustments as Deferrals / Prepaids
or Accrual
Label the adjustments as either Deferrals / Prepaids, Accrual,
or Depreciation AND as a revenue or expense.
HINT Activity 3.a - Identifying adjustments as Deferrals / Prepaids or Accrual Label the adjustments as either Deferrals / Prepaids, Accrual, or Depreciation AND as a revenue or expense. View drag and drop keyboard instructions Deferrals / Prepaids Accrual Prepaid Expense Expense Unearned Revenue Revenue Accrued Revenue Accrued Expense Depreciation Completed services...
Please help!
3 Two Categories and Four Types of Adjustments Ask My Instructor Resources/Glossary HINT Activity 3.a - Identifying adjustments as Deferrals / Prepaids or Accrual Label the adjustments as either Deferrals / Prepaids, Accrual, or Depreciation AND as a revenue or expense. View drag and drop keyboard instructions Deferrals / Prepaids Accrual Prepaid Expense Unearned Revenue Accrued Revenue Accrued Expense Depreciation Completed services that were paid for six months earlier, $1,400. Work performed but not yet billed to customer,...
Activity 4.a - Using T-accounts to Analyze Adjustments
Fill in the t-accounts for each situation and label each
transaction as Deferrals/Prepaid, Accrual, or Depreciation. Use
Unadj. Bal. as the label for the opening balance of each account.
Calculate the adjusted balance and use a Bal. posting reference to
show the ending balance of each account. Enter each transaction on
the first available line in the T-Account.
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid, Accrual,...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Employees earned $2,900 in salaries that will be paid next month. The Salaries Expense unadjusted balance as of December 31 is $5,700. Adjustment Type: Salaries Expense Salaries Payable November 1 of the current year, Record the transaction for the year ended December 31 Adjustment Type: Insurance Expense...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Depreciation for the current year includes Equipment, $3,700. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $7,000. Adjustment Type: Depreciation Expense - Equipment Accumulated Depreciation - Equipment Used office supplies of $290. The Office Supplies unadjusted balance on December 31 is $9,800. Adjustment...
Read each scenario, decide whether the company is using Cash basis or Accrual basis, and then enter your answer to the question. The Johnny Flowers Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $3,480 for six months of advertising. Johnny Flowers Law Firm recorded $3,480 in the Prepaid Advertising account. If Johnny Flowers Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for...
the expanded accounting equation, activity 3.a - classify the
accounts
The Expanded Accounting Equation Activity 3.a - Classify the Accounts Classify which part of the expanded accounting equation each account title belongs to by dragging the account into the correct bucket. View drag and drop keyboard instructions Equipment Common Stock Dividends Insurance Expense Utilities Payable Service Revenue Building Rent Expense Utilities Expense Notes Payable Office Supplies Accounts Payable Delivery Expense Advertising Expense Supplies Expense Truck Cash Salaries Payable ASSETS LIABILITIES...
PRALIL for each of the following independent situations Compute the amounts indicated for each of th. Situation A B 1 ? $1.300 $600 $3,300 $2.500 54 300 52.600 Beginning prepaid insurance balance Cash payments for insurance during the year Ending prepaid insurance balance Insurance expense on the income statement $600 $1,400 $2,600 $4,250 $1,700 $1,150 ? ed account balances and adjustment data are for Global Advertising. on Dec.31: PRACTICE QUESTION 2 The following unadjusted account balances a $14,000 15,500 1,600...
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