To record adjusting entries, use:A. Report menu > General Journal Entries.B. Company menu > Make General...
To record adjusting entries, use:
A. Report menu > General Journal Entries.
B. Company menu > Make General Journal Entries.
C. Banking menu > Make General Journal Entries
D. Accountant menu > Journal Entries
Homework Answers
A. Report menu > General Journal Entries.
B. Company menu > Make General Journal Entries.
C. Banking menu > Make General Journal Entries
D. Accountant menu > Journal Entries
Add Answer to:
To record adjusting entries, use:A. Report menu > General Journal Entries.B. Company menu > Make General...
correct answer 1) Types of adjusting entries include all of the following except: A) Accrued Expenses...
correct answer
1) Types of adjusting entries include all of the following except: A) Accrued Expenses B) Accrued Cash C) Accrued Revenues D) Prepaid Items 2) The order of the steps in the accounting cycle includes: A) Adjusted Trial Balance, financial reports, adjusting entries, Trial Balance B) Adjusted Trial Balance, adjusting entries, financial reports, Trial Balance C) Trial Balance, adjusting entries, Adjusted Trial Balance, financial reports D) Trial Balance, financial reports, adjusting entries, Adjusted Trial Balance 3) If a count...
ACCT 101a Chapter 3 - Adjusting entries In the General Journal, record adjusting journal entries for...
ACCT 101a Chapter 3 - Adjusting entries In the General Journal, record adjusting journal entries for the following items for Sunny Inc. at December 31, 2018. 1. On January 2, 2018 Sunny Inc. accepted a $17,500 deposit from a client for design work to be completed during the year. On December 31, 2018 all the design work for the client is complete. 2. On December 31, 2018 the bill for gas was received but not yet paid. Amount is $375....
What is the best way to record depreciation expense in QuickBooks? a. Make General Journal Entries...
What is the best way to record depreciation expense in QuickBooks? a. Make General Journal Entries b. Write Checks c. Pay Bills d. None of the above are ways to record depreciation expense in QuickBooks.
Record adjusting journal entries for each of the following for year ended December 31. Assume no...
Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year. a. Salaries Payable. At year-end, salaries expense of $17,500 has been incurred by the company, but is not yet paid to employees. b. Interest Payable. At its December 31 year-end, the company owes $350 of interest on a line-of-credit loan. That interest will not be paid until sometime in January of the next year. c. Interest...
Record adjusting journal entries for each of the following for year ended December 31. Assume no...
Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year. a. Accounts Receivable. At year-end, the L. Cole Company has completed services of $27,000 for a client, but the client has not yet been billed for those services. b. Interest Receivable. At year-end, the company has earned, but not yet recorded, $710 of interest earned from its investments in government bonds. c. Accounts Receivable. A painting...
correct answer 6) To prepare the Trial Balance, select A) Company Center Company & Financials B)...
correct answer
6) To prepare the Trial Balance, select A) Company Center Company & Financials B) Reports Center Company & Financials C) Reports Center > Accountant & Taxes D) Company Center > Accountant & Taxes 7) Adjusting entries are used to: A) Close temporary accounts at year end B) Close permanent accounts at year-end C) Bring account balances up to date at year end D) All of the choices are correct 8) An accounting period may be: A) One quarter...
What is the correct order of the accounting cycle? Prepare financial statements Record adjusting journal entries...
What is the correct order of the accounting cycle? Prepare financial statements Record adjusting journal entries and update ledger balances < Prepare unadjusted trial balance > Analyze transactions based on source documents < Record journal entries in general journal and update general ledger > Prepare adjusted trial balance Prepare post closing trial balance < Record closing entries
Record the general journal entries.
Record the general journal entries.
Record adjusting journal entries for each of the following for year ended December 31. Assume no...
Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year a. Unearned Rent Revenue. The Krug Company collected $7,800 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. b. Unearned Services Revenue. The company charges $90 per insect treatment. A customer paid $360 on October 1 in advance...
5. Record adjusting entries. (f no entry is required for a particular transaction/event, select "No journal...
5. Record adjusting entries. (f no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjustment for salaries. Note: Enter debits before credits. General Journal DebitCr Credit Record entry Clear entry View general journal 5. Record adjusting entries. (If no entry is required for a particular select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the...
correct answer
1) Types of adjusting entries include all of the following except: A) Accrued Expenses B) Accrued Cash C) Accrued Revenues D) Prepaid Items 2) The order of the steps in the accounting cycle includes: A) Adjusted Trial Balance, financial reports, adjusting entries, Trial Balance B) Adjusted Trial Balance, adjusting entries, financial reports, Trial Balance C) Trial Balance, adjusting entries, Adjusted Trial Balance, financial reports D) Trial Balance, financial reports, adjusting entries, Adjusted Trial Balance 3) If a count...
ACCT 101a Chapter 3 - Adjusting entries In the General Journal, record adjusting journal entries for the following items for Sunny Inc. at December 31, 2018. 1. On January 2, 2018 Sunny Inc. accepted a $17,500 deposit from a client for design work to be completed during the year. On December 31, 2018 all the design work for the client is complete. 2. On December 31, 2018 the bill for gas was received but not yet paid. Amount is $375....
Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year. a. Salaries Payable. At year-end, salaries expense of $17,500 has been incurred by the company, but is not yet paid to employees. b. Interest Payable. At its December 31 year-end, the company owes $350 of interest on a line-of-credit loan. That interest will not be paid until sometime in January of the next year. c. Interest...
Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year. a. Accounts Receivable. At year-end, the L. Cole Company has completed services of $27,000 for a client, but the client has not yet been billed for those services. b. Interest Receivable. At year-end, the company has earned, but not yet recorded, $710 of interest earned from its investments in government bonds. c. Accounts Receivable. A painting...
correct answer
6) To prepare the Trial Balance, select A) Company Center Company & Financials B) Reports Center Company & Financials C) Reports Center > Accountant & Taxes D) Company Center > Accountant & Taxes 7) Adjusting entries are used to: A) Close temporary accounts at year end B) Close permanent accounts at year-end C) Bring account balances up to date at year end D) All of the choices are correct 8) An accounting period may be: A) One quarter...
What is the correct order of the accounting cycle? Prepare financial statements Record adjusting journal entries and update ledger balances < Prepare unadjusted trial balance > Analyze transactions based on source documents < Record journal entries in general journal and update general ledger > Prepare adjusted trial balance Prepare post closing trial balance < Record closing entries
Record the general journal entries.
Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year a. Unearned Rent Revenue. The Krug Company collected $7,800 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. b. Unearned Services Revenue. The company charges $90 per insect treatment. A customer paid $360 on October 1 in advance...
5. Record adjusting entries. (f no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjustment for salaries. Note: Enter debits before credits. General Journal DebitCr Credit Record entry Clear entry View general journal 5. Record adjusting entries. (If no entry is required for a particular select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the...
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