Question
1. Interest expense - short-term loan (Northern Bank). 2.Insurance expense - product liability insurance policy (CoverWallet). 3.First month of subscription revenue earned from the company
1. Interest expense - short-term loan (Northern Bank).
2.Insurance expense - product liability insurance policy (CoverWallet).
3.First month of subscription revenue earned from the company featured magazine, "Mindful Parenting"
4. You completed 30% of car seat repairs for OohlaMomma during September
5. Office supplies on hand at 30th September is $275 incl. GST
6. Depreciation expense - plastic welding machinery, using the units of production
7.Depreciation expense - computer, using the diminishing balance method.
8.Interest earned at month end
9.You are required to pay for an invoice for a week's (27 September to 29 September) fuel bill of $385(example)incl. GST from Apache Petrol. This is not yet paid yet. Record the relevant adjusting entry
10.Advertising expense amount for the month of September.
11.Provision for warranties is equal to 5% of sales
12.Estimate of doubtful debts is 10% of Accounts Receivable as at 30th September.
13.Salaries expense accrued for September
14.Warehouse rent expense accrued for September
15.Depreciation expense Delivery Van, using the straight-line method
16.. Depreciation expense Store Building, using the straight-line method
17.Interest expense accrued on the loan for Building of the Head Office.
18.40% of deliveries are performed during September
19.. Telecommunication accrued for September
20.Insurance expense, Fire insurance
Journal Entries
Adjusting Journals
I only need to know how to do this, therefore i did not put in the values, would love some explanation for each as i am learning journal entries / adjusting entries.
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