Question
1. Purchases of supplies for cash during December were $3,400. Supplies on hand at the end of December equal $2,950. Record the entry made during
1. Purchases of supplies for cash during December were $3,400. Supplies on hand at the end of December equal $2,950. Record the entry made during the month of December.
2. Purchases of supplies for cash during December were $3,400. Supplies on hand at the end of December equal $2,950. Record the adjusting entry on December 31.
3. No insurance payments are made in December. Insurance expired in December is $1,450. Record the entry made during the month of December.
4. No insurance payments are made in December. Insurance expired in December is $1,450. Record the adjusting entry on December 31.
5. November salaries payable of $9,900 were paid to employees in December. Additional salaries for December owed at the end of the year are $14,900. Record the entry made during the month of December.
6. November salaries payable of $9,900 were paid to employees in December. Additional salaries for December owed at the end of the year are $14,900. Record the adjusting entry on December 31.
7. On December 1, Golden Eagle received $2,850 from a customer for rent for the period December through February. By the end of December, one month of rent has been provided. Record the entry made during the month of December.
8. On December 1, Golden Eagle received $2,850 from a customer for rent for the period December through February. By the end of December, one month of rent has been provided. Record the adjusting entry on December 31
NEED JOURNAL ENTRIES FOR THESE!!!!
Golden Eagle Company has the following balances at the end of November: The following information is known for the month of December: 1. Purchases of supplies for cash during December were $3,400. Supplies on hand at the end of December equal $2,950. 2. No insurance payments are made in December. Insurance expired in December is $1,450. 3. November salaries payable of $9,900 were paid to employees in December. Additional salaries for December owed at the end of the year are $14,900. 4. On December 1, Golden Eagle received $2,850 from a customer for rent for the period December through February. By the end of December, one month of rent has been providedStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started