{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T22:15:09-04:00", "answer_date": "2024-05-27 22:15:09", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1804622", "url": "\/study-help\/questions\/a-review-of-the-ledger-of-sheridan-company-at-december-1804622", "question_creation_date_js": "2024-05-27T22:15:09-04:00", "question_creation_date": "May 27, 2024 10:15 PM", "meta_title": "[Solved] A review of the ledger of Sheridan Compan | SolutionInn", "meta_description": "Answer of - A review of the ledger of Sheridan Company at December 31, 2025, pruces the following data pertaining to the preparati | SolutionInn", "meta_keywords": "review,ledger,sheridan,company,december,31,2025,pruces,data,pertaining,preparation,annual", "question_title_h1": " A review of the ledger of Sheridan Company at December 31, 2025, pruces the following data pertaining to the preparation of annual adjusting entries.", "question_title": " A review of the ledger of Sheridan Company at December 31,", "question_title_for_js_snippet": "A review of the ledger of Sheridan Company at December 31, 2025, pruces the following data pertaining to the preparation of annual adjusting entries 1 2 Salaries and Wages Payable $0 There are eight employees Salaries and wages are paid every Friday for the current week Five employees receive $820 each per week, and three employees earn $580 each per week December 31 is a Tuesday Employees do not work weekends All employees worked the last 2 days of December Unearned Rent Revenue $342 120 The company began subleasing office space in its new building on November 1 Each tenant is required to make a $5,630 security deposit that is not refundable until occupancy is terminated At December 31, the company had the following rental contracts that are paid in full for the entire term of the lease 3 Date Term (in months) Monthly Rent Number of Leases Nov 1 6 $6,100 5 Dec 1 6 $6,630 4 Prepaid Advertising $20,400 This balance consists of payments on two advertising contracts The contracts provide for monthly advertising in two trade magazines The terms of the contracts are as shown below The first advertisement nuns in the month in which the contract is signed", "question_description": "\"image\"image\"image", "transcribed_text": "A review of the ledger of Sheridan Company at December 31, 2025, pruces the following data pertaining to the preparation of annual adjusting entries. 1. 2 Salaries and Wages Payable $0. There are eight employees. Salaries and wages are paid every Friday for the current week Five employees receive $820 each per week, and three employees earn $580 each per week. December 31 is a Tuesday. Employees do not work weekends. All employees worked the last 2 days of December. Unearned Rent Revenue $342.120. The company began subleasing office space in its new building on November 1. Each tenant is required to make a $5,630 security deposit that is not refundable until occupancy is terminated. At December 31, the company had the following rental contracts that are paid in full for the entire term of the lease. 3 Date Term (in months) Monthly Rent Number of Leases Nov. 1 6 $6,100 5 Dec. 1. 6 $6,630 4 Prepaid Advertising $20,400. This balance consists of payments on two advertising contracts. The contracts provide for monthly advertising in two trade magazines. The terms of the contracts are as shown below The first advertisement nuns in the month in which the contract is signed", "related_book": { "title": "Cost Accounting A Managerial Emphasis", "isbn": "978-0133428858, 133428850, 133428702, 978-0133428704", "edition": "15th edition", "authors": "Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/301.jpg", "uri": "\/textbooks\/cost-accounting-a-managerial-emphasis-15th-edition-301", "see_more_uri": "" }, "free_related_book": { "isbn": "0486439372", "uri": "\/textbooks\/experimental-statistics-1st-edition-9780486439372-176654", "name": "Experimental Statistics", "edition": "1st Edition" }, "question_posted": "2024-05-27 22:15:09", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/interpret-the-slope-in-a-study-of-a-particular-type-657955", "description": "On November 1, 2021, Sadie's borrows $230,000 from a local bank and signs a note. The note requires interest to be paid annually beginning on August 1, 2022 at 12%. 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