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A list of various reasons for adjusting account balances is presented below, along with an unadjusted trial balance presented for the year ended December 3
A list of various reasons for adjusting account balances is presented below, along with an unadjusted trial balance
presented for the year ended December
a As of December the equipment has been used for two full years. Approximately $ of the equipment's
usefulness is consumed each year.
b On December the company performed $ of services for a customer but has not yet recorded or billed the
customer.
c On December the company received an email from its utility company indicating the company used $ of
services during December. The company has not recorded this item because the $ will not be paid until January
d Salaries and wages totaling $ for the second half of December have not yet been paid or recorded.
e No adjustment is needed for this account.
Required:
For each account balance numbered choose an appropriate reason from ad that explains why that particular
account balance needs to be adjusted or choose when no adjustment is needed."
Prepare the adjusting journal entries required as of December
Complete this question by entering your answers in the tabs below.
For each account balance numbered choose an appropriate reason from ad that
explains why that particular account balance needs to be adjusted or choose when no
adjustment is needed."
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