General Journal entry options:
Adjusting entries
No | Account and explanation | debit | credit |
1 | Supplies expense (2600-1200) | 1400 | |
Supplies | 1400 | ||
(To record supplies used) | |||
2 | Insurance expense (6400/4) | 1600 | |
Prepaid insurance | 1600 | ||
(To record insurance expense) | |||
3 | Depreciation expense | 1800 | |
Accumulated depreciation-equipment | 1800 | ||
(To record dep) | |||
4 | Deferred revenue (9000/2) | 4500 | |
Service revenue | 4500 | ||
(To record revenue) | |||
5 | Salaries and wages expense | 2800 | |
Salaries and wages payable | 2800 | ||
(To record accrued salaries) | |||
General Journal entry options: No Journal Entry Required Accounts Payable Accounts Receivable Ac...
need help with the general journal. The unadjusted trial balance of Sketch Star Makers Inc., prepared as of December 31, 2018, Includes the following account balances. All of the accounts listed have normal balances. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Notes Payable (long-term) Deferred Revenue Service Revenue Salaries and Wages Expense $ 16,000 3,200 3,400 7,200 22,000 3,200 32,000 11,000 42,000 36,000 The following information is also available: A) A count of supplies revealed $1,600 worth on...
General journal entry options: No Journal Entry Required Accounts Payable Accounts Receivable Accumulated Amortization Accumulated Depreciation—Buildings Accumulated Depreciation—Equipment Accumulated Depreciation—Vehicles Accumulated Other Comprehensive Income Additional Paid-In Capital, Common Stock Additional Paid-In Capital, Preferred Stock Additional Paid-In Capital, Treasury Stock Advertising Expense Allowance for Doubtful Accounts Amortization Expense Bad Debt Expense Bonds Payable Building Cash Cash Equivalents Cash Overage Cash Shortage Charitable Contributions Payable Common Stock Copyrights Cost of Goods Sold Deferred Revenue Delivery Expense Depreciation Expense Discount on Bonds Payable...
The unadjusted trial balance of Sketch Star Makers Inc., prepared as of December 31, 2018, includes the following account balances. All of the accounts listed have normal balances. $ Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Notes Payable (long-term) Deferred Revenue Service Revenue Salaries and Wages Expense 10,500 2,100 1.200 5,000 11,000 2,100 21,000 5,500 31,000 30,500 The following information is also available: A) A count of supplies revealed $500 worth on hand at December 31, 2018. B)...
journal entry worksheet financial accounting Required information The following information applies to the questions displayed below.) of 9 Allson and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture, Inc.) on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (amounts are rounded to thousands of dollars to simplify). Debit Credit eBook Print Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes...
please do a journal entry for a-j. AKA 1-10 then k-p AKA 1-6 NNO Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, was as follows: Account Titles Debit Credit Cash $ 6 Accounts Receivable Supplies Equipment Accumulated Depreciation $ 2 Software Accumulated Amortization 3 Accounts Payable Notes Payable (short-term) Salaries and Wages Payable...
Adjusting Entry Problem I posted all entries that are possible. Divtek's Variety Store is completing the accounting process for the year just ended on December 31, 2017 The transactions during 2017 have been journalized and posted. The following data with respect to adjusting entries are available: a. Wages earned by employees during December 2017, unpaid and unrecorded at December 31, 2017, amounted to $3,300. The last payroll was December 28; the next payroll will be January 11, 2018. b. Office...
Prepare the closing journal entry. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) Post the closing entry and prepare a post-closing trial balance. (Enter your answers in thousands of dollars.) Required information The following information applies to the questions displayed below Intemational celebrity Jay and Goku began operations of their machine shop (J& G Tool, Inc.) on January 1, 2016. The annual reporting...
Barney Company Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle 145,000 23,000 6,500 24,000 110,000 15,000 75,000 50,000 8,000 16,900 3,000 45,000 46,000 67,600 5,000 490,000 Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 10,000 45,000 5,000 54,000 12,000 145,000 13,000 4,000...
Record the adjusting journal entries (k) through (p). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands of dollars.) Post the adjusting entries and prepare an adjusted trial balance. (Enter your answers in thousands of dollars.) Required information The following information applies to the questions displayed below) Intemational celebrity Jay and Goku began operations of their machine shop (J&G Tool, Inc.) on January 1, 2016. The...
Need some help with this problem, mainly on the Part A, D and E. Adjusting Entries are hella confusing. No Transaction General Journal Credit Debit 4,240 X 1 a. Rent Expense Prepaid Rent 4,240 x 2 1,300 Depreciation Expense Accumulated Depreciation 1,300 3 Salaries and Wages Expense 2,400 Salaries and Wages Payable 2,400 1,075 X Insurance Expense Prepaid Insurance 1,075 X e. 1,270 x Supplies Expense Supplies 1,270 X Deferred Revenue 70 Service Revenue 70 Record the adjusting entry for...