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30% A Share Comments View Insert Format Tools Table Window Help AutoSave OFF Homework Questions for Chapter 3 (STUDENTS)(1) - Saved to my Mac me
30% A Share Comments View Insert Format Tools Table Window Help AutoSave OFF Homework Questions for Chapter 3 (STUDENTS)(1) - Saved to my Mac me Insert Draw Design Layout References Mailings Review View Tell me Arial 12 ' Aa A ELE E > TC 21 aste B IV X, ADA Styles Styles Pane A. Dictate Sensitivity PROBLEMINO Recording prepaid expenses and unearned revenues Al-Hoda Co. had the following transactions in the last two months of its fiscal year ended May 31. RECORDING ENTRIES Apr. 1 Paid $2,450 cash to an accounting firm for future consulting services. 1 Paid $3,600 cash for 12 months of insurance through March 31 of the next year. 30 Received $8,500 cash for future services to be provided to a customer. May 1 Paid $4,450 cash for future newspaper advertising. 23 Received $10,450 cash for future services to be provided to a customer. ADJUSTING ENTRIES: 31 Of the consulting services paid for on April 1, $2,000 worth has been received. 31 A portion of the insurance paid for on April 1 has expired. No adjustment was made in April to Prepaid Insurance 31 Services worth $4,600 are not yet provided to the customer who paid on April 30. 31 of the advertising paid for on May 1, $2,050 worth is not yet used. 31 The company has performed $5,500 of services that the customer paid for on May 23. 30% A Share Comments View Insert Format Tools Table Window Help AutoSave OFF Homework Questions for Chapter 3 (STUDENTS)(1) - Saved to my Mac me Insert Draw Design Layout References Mailings Review View Tell me Arial 12 ' Aa A ELE E > TC 21 aste B IV X, ADA Styles Styles Pane A. Dictate Sensitivity PROBLEMINO Recording prepaid expenses and unearned revenues Al-Hoda Co. had the following transactions in the last two months of its fiscal year ended May 31. RECORDING ENTRIES Apr. 1 Paid $2,450 cash to an accounting firm for future consulting services. 1 Paid $3,600 cash for 12 months of insurance through March 31 of the next year. 30 Received $8,500 cash for future services to be provided to a customer. May 1 Paid $4,450 cash for future newspaper advertising. 23 Received $10,450 cash for future services to be provided to a customer. ADJUSTING ENTRIES: 31 Of the consulting services paid for on April 1, $2,000 worth has been received. 31 A portion of the insurance paid for on April 1 has expired. No adjustment was made in April to Prepaid Insurance 31 Services worth $4,600 are not yet provided to the customer who paid on April 30. 31 of the advertising paid for on May 1, $2,050 worth is not yet used. 31 The company has performed $5,500 of services that the customer paid for on May 23
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