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Account unit 4 111. please help me answer these homework question. At December 31, the unadjusted trial balance of H&R Tacks reports Supplies of $9,800
Account unit 4 111. please help me answer these homework question.
At December 31, the unadjusted trial balance of H&R Tacks reports Supplies of $9,800 and Supplies Expense of $0. On December 31, supplies costing $8,100 are on hand. Prepare the adjusting journal entry on December 31. (If no entry is required for a 1. transaction/event, select "No Journal Entry Required" in the first account field.) Record the adjusting entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $28,000 and zero balances in Accumulated DepreciationEquipment and Depreciation Expense. Depreciation for the period is estimated to be $5,600. Prepare the adjusting journal entry on December 31. (If no entry is required for a 1. transaction/event, select "No Journal Entry Required" in the first account field.) 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $8,880 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for 24 months. Prepare the adjusting journal entry on December 31. (If no entry is required for 1. atransaction/event, select "No Journal Entry Required" in the first account field.) 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. At December 31, the unadjusted trial balance of H&R Tacks reports Unearned Revenue of $4,400 and Service Revenues of $33,200. One-half of the unearned revenue has been earned as of December 31. Prepare the adjusting journal entry on December 31. (If no entry is required for a 1. transaction/event, select "No Journal Entry Required" in the first account field.) Record the adjusting entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $27,000. Employees have been paid for work done up to December 27, but the $1,300 they have earned for December 28-31 has not yet been paid or recorded. Prepare the adjusting journal entry on December 31. (If no entry is required for a 1. transaction/event, select "No Journal Entry Required" in the first account field.) 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. At December 31, the unadjusted trial balance of H&R Tacks reports Interest Payable of $0 and Interest Expense of $0. Interest incurred and owed in December totals $410. Required: a. Prepare the adjusting journal entry on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) b. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. At December 31, the unadjusted trial balance of H&R Tracks reports Software of $25,500 and zero balances in Accumulated AmortizationIntangibles and Amortization Expense. Amortization for the period is estimated to be $5,100. Prepare the required journal entry on December 31. (If no entry is required for a 1. transaction/event, select "No Journal Entry Required" in the first account field.) 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the journal entry, and report the adjusted balance
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