a-b. Merchandise Inventory, before adjustment, has a balance of $8,300. The newly counted Inventory balance is $8,800. c Unearned Seminar Fees has a balance of $6,800, representing prepayment by customers for five seminars to be conducted in June, July, and August 2019. Two seminars had been conducted by June 30, 2019 d. Prepaid insurance has a balance of $16,800 for six months Insurance paid in advance on May 1, 2019 e Store equipment costing $11.380 was purchased on March 31, 2019. It has a salvage value of $580 and a useful life of four years. t Employees have earned $330 that has not been paid at June 30, 2019. 9. The employer owes the following taxes on wages not paid at June 30, 2019: SUTA. $9.90, FUTA. $1.98: Medicare, $4.79; and social security $20.46 h. Management estimates uncolecuble accounts expense at 1 percent of sales. This year's sales were $2,800.000 L Prepaid Rent has a balance of $7.800 for six months'ront paid in advance on March 1, 2019 1. The Supplies account in the general ledger has a balance of $480. A count of supplies on hand at June 30, 2019, indicated $190 k. The company borrowed $8.200 from First Bank on June 1 2019, and issued a four-month note. The noto bears interest at 6 percent Required: Based on the Information above, record the adjusting Journal ontries that must be made for Sufen Consulting on June 30, 2019. The company has a June 30 fiscal year-end. Analyze After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? Complete this question by entering your answers in the tabs below. Journal Based on the above information record the ting journal arties that must be made for Super Consulting on June 30, 2019. The company has a unes cal year-end (Round veranto 2 dolaze Journal entry worksheet 10 Pacord the sustent for begin to Next > mework ab. Merchandise Inventory, before adjustment, has a balance of $8,300. The newly counted Inventory balance is $8,800. c Unearned Seminar Feeshas a balance of $6,800, representing prepayment by customers for five seminars to be conducted in June, July, and August 2019. Two seminars had been conducted by June 30, 2019 d. Prepaid Insurance has a balance of $16,800 for six months'insurance paid in advance on May 1, 2019 e Store equipment costing $1.380 was purchased on March 31, 2019. It has a salvage value of $580 and a useful life of four years. t Employees have earned $330 that has not been paid at June 30, 2019 9. The employer owes the following taxes on wages not paid at June 30, 2019: SUTA. $9.90; PUTA. $1.98; Medicare. $479, and social security: $20.46 h Management estimates uncollectible accounts expense at 1 percent of sales. This year's sales were $2.800.000 L Prepaid Rent has a balance of $7800 for six months' rent paid in advance on March 1, 2019 J. The Supplies account in the general ledger has a balance of $480. A count of supplies on hand at June 30, 2019. Indicated $190 of supplies remain k. The company borrowed $8.200 from First Bank on June 1, 2019, and issued a four month note. The note bears interest at 6 percent Required: Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 2019. The company has a June 30 fiscal year-end Analyze: After all adjusting entries have been joumalized and posted, what is the balance of the Prepaid Rent account? Complete this question by entering your answers in the tabs below. Peter al adjusting entries have been jumalized and posted what is the balance of the Prepaid Rent account? President June 10, 2010
