Selected year-end account balances before adjustments for Caldwell Realty at December 31, 2022 are shown below. Data
Question:
Selected year-end account balances before adjustments for Caldwell Realty at December 31, 2022 are shown below.
Data needed for year-end adjustments are as follows.
a. Unearned revenues at December 31, $1,875.
b. Unbilled fees at December 31, $2,250.
c. Supplies on hand at December 31, $300.
d. Rent expired during the year, $3,000.
e. Depreciation of equipment for the year, $500.
f. Wages accrued but not yet paid at December 31, $950 Required.
Journalize the six adjusting entries required at December 31 using the above data.
Transcribed Image Text:
Accounts Receivable Accumulated Depreciation Depreciation Expense Equipment Fees Earned Prepaid Rent Rent Expense Supplies Supplies Expense Unearned Fees Wages Expense Wages Payable Debits $32,500 100,000 4,100 975 128,000 Credits $5,000 189,750 9,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (17 reviews)
Date 2022 Account Name PR Debit Credit Dec 31 Unearned Fees 7125 Fees Earned 7125 Reco...View the full answer
Answered By
Atuga Nichasius
I am a Highly skilled Online Tutor has a Bachelor’s Degree in Engineering as well as seven years of experience tutoring students in high school, bachelors and post graduate levels. I have a solid understanding of all learning styles as well as using asynchronous online platforms for tutoring needs. I individualise tutoring for students according to content tutoring needs assessments.
My strengths include good understanding of all teaching methods and learning styles and I am able to convey material to students in an easy to understand manner. I can also assists students with homework questions and test preparation strategies and I am able to help students in math, gre, business , and statistics
I consider myself to have excellent interpersonal and assessment skills with strong teaching presentation verbal and written communication
I love tutoring. I love doing it. I find it intrinsically satisfying to see the light come on in a student's eyes.
My first math lesson that I taught was when I was 5. My neighbor, still in diapers, kept skipping 4 when counting from 1 to 10. I worked with him until he could get all 10 numbers in a row, and match them up with his fingers.
My students drastically improve under my tutelage, generally seeing a two grade level improvement (F to C, C to A, for example), and all of them get a much clearer understanding!
I am committed to helping my students get the top grades no matter the cost. I will take extra hours with you, repeat myself a thousand times if I have to and guide you to the best of my ability until you understand the concept that I'm teaching you.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
Question Posted:
Students also viewed these Business questions
-
Selected year-end account balances before adjustments for Martins Small Engines at July 31, 2022 are shown below. Data needed for year-end adjustments are as follows. a. Unearned revenues at July 31,...
-
Selected account balances before adjustment for Kristjanson Realty at December 31, 2015, the end of the current year, are as follows: Data needed for year-end adjustments are as follows: a. Receipt...
-
Selected account balances before adjustment for Perfect Realty at December 31, 2015, the end of the current year, are as follows: Data needed for year-end adjustments are as follows: a. Unbilled fees...
-
Find the maximum of f(x,y) = x + y - x - y - xy
-
List the advantages and disadvantages of nonparametric statistics.
-
Th t l'ive 111e1f1o r 1heir roles 11t1h e Dttp,..,,. ttr Horizon explosion that kill! I l work mputer files rdalt.-d the 'l)ill, pted g_uHtyto il sing.le c:ounl of destroying e-vidt"n(t, .a.nd \~S...
-
Price of Abbott Labs stock. The yearly closing prices of Abbott Laboratories stock are shown in the table below. a. Use exponential smoothing with w = .8 to forecast the 2020 and 2021 closing prices....
-
Three police officers, including Maria Trevizo, were on patrol in Tucson, Arizona, near a neighborhood associated with the Crips gang, when they pulled over a car with a suspended registration. Each...
-
A company currently has 2 5 5 , 0 0 0 of equity and is planning 1 0 5 , 0 0 0 expansion. The company currently earns 7 6 , 5 0 0 in net income and the expansion will yield 4 0 , 0 0 0 in additional...
-
FeVer Beverages is a typical coffee shop that operates at Batangas. Recently, the general manager is facing a challenge about not meeting their target lead time of serving the hot coffee of 15...
-
As a team, select an industry to analyze and select a company that interests you. Find its annual report online. Answer the following questions about the company you chose: 1. Review the Asset...
-
Every Friday, Kylies Recruiting Services records its employees weekly salaries of $20,000 per week ($4,000 per day, Monday through Friday). Employees are paid the following week on Thursday. Required...
-
Explain your understanding of expectancy-based theories of motivation. Use a simple diagram to help explain an expectancy theory of your choice. What implications do expectancy theories of motivation...
-
What is judgement sampling?Explain with a suitable example.
-
What is convenience sampling?Explain with a suitable example.
-
Customer Distribution Channels (all amounts in thousands of U.S. Dollars) Wholesale Customers Retail Customers Total Total N. America S. America Total Wholesale Wholesaler Wholesaler Retail Green...
-
MA Assignment 3 Motor Tyres manufactures one size of tyre in each of its production lines. The following information relates to one production line for the most recent period. The company uses the...
-
Describe an operational unit within an organization, and define the mission statement, goals, and operational objectives for the unit. The operational unit should be an organization they would like...
-
Solve the inequality |x 1| |x 3| 5.
-
Write a paper about the Working relationship in the organization- collaboration within and outside the organization
-
From the adjustments section of a worksheet presented in Figure, prepare adjusting journal entries for the end ofJanuary. Adjustments Dr Cr repaid Rent Office Supplies Accumulated Depreciation,...
-
Complete the following table by placing an X in the correctcolumn. Temporary Permanent Will Be Closed Ex. Accounts Receivable 1. Income Summary 2. Jan Ralls, Capital 3. Rent Expense 4. Jan Ralls,...
-
Complete the following table by placing an X in the correctcolumn. Temporary Permanent Will Be Closed Ex. Accounts Receivable 1. Income Summary 2. Jan Ralls, Capital 3. Rent Expense 4. Jan Ralls,...
-
1,600 Balance Sheet The following is a list (in random order) of KIP International Products Company's December 31, 2019, balance sheet accounts: Additional Paid-In Capital on Preferred Stock $2,000...
-
Question 3 4 pts 9 x + 3 x 9 if x 0 Find a) lim f(x), b) lim, f(x), C), lim , f(x) if they exist. 3 Edit View Insert Format Tools Table : 12pt M Paragraph B IV A2 Tv
-
Mr. Geoffrey Guo had a variety of transactions during the 2019 year. Determine the total taxable capital gains included in Mr. Guo's division B income. The transactions included: 1. On January 1,...
Study smarter with the SolutionInn App