a . - b . Merchandise Inventory, before adjustment, has a balance of $ 7 , 4
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ab Merchandise Inventory, before adjustment, has a balance of $ The newly counted inventory balance is $
c Unearned SeminarFees has a balance of $ representing prepayment by customers for five seminars to be conducted in June, July, and August X Two seminars had been conducted by June X
d Prepaid Insurance has a balance of $ for six months' insurance paid in advance on May X
e Store equipment costing $ was purchased on March It has a salvage value of $ and a useful life of six years.
f Employees have earned $ that has not been paid at June X
g The employer owes the following taxes on wages not paid at June X: SUTA, $; FUTA, $; Medicare, $; and social security, $
h Management estimates uncollectible accounts expense at percent of sales. This year's sales were $
i Prepaid Rent has a balance of $ for six months' rent paid in advance on March
j The Supplies account in the general ledger has a balance of $ A count of supplies on hand at June X indicated $ of supplies remain.
k The company borrowed $ from Second Bancorp on June X and issued a fourmonth note. The note bears interest at percent.
Required:
Based on the information above, record the adjsting journal entries that must be made for Ambriz Distributors on June x The company has a June fiscal yearend.
Analyze:
After all adjusting entries have been journalized and posted, what is the balance of the Prepoid Rent account?
Complete this question by entering your answers in the tabs below.
Based on the information above, record the adjusting journal entries that must be made for Ambriz Distributors on June x The company has a June fiscal yearend.
Note: Round your final answers to decimal places.
Journal entry worksheet
Record an adjusting entry for depreciation.
Record an adjusting entry for insurance expired.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,CreditdInsurance expense,,Prepaid insurance,,
Record an adjusting entry for depreciation.
Note: Enter debits before credits.
Record an adjusting entry for wages owed.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Creditf
Record an adjusting entry for payroll taxes owed.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Creditg
Record an adjusting entry for uncollectible accounts.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Credith
Record an adjusting entry for rent.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Crediti
Record an adjusting entry for supplies used.
Note: Enter debits before credits.
Record an adjusting entry for interest.
Note: Enter debits before credits.
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