Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answers asap please. will give u star good comments Mr. Mike Poe operates an advertising business called Advertising General. He had the following adjustments for

answers asap please. will give u star good comments

image text in transcribedimage text in transcribedimage text in transcribed
Mr. Mike Poe operates an advertising business called Advertising General. He had the following adjustments for the month of January 2019. Jan 31 Recognized $1,890 insurance expense used for the month. An annual magazine subscription with monthly issues was prepaid on January 1, 2019 for $672. By January 31, one issue had J 31 _ an been received. Jan 31 Computers' depreciation for the month is $1,200. Jan 31 Salaries for employees accrued by $2,530 by the end of the month. A 30-day contract was started on January 15. The customer will pay $10,160 at the end of the contract in February. Half of the J 31 an contract was completed by the end of the month. Accrue the revenue earned by the end of January. Prepare the journal entries tor the above transactions. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest wlriole number. Prepare the journal entries for the above transactions. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. To record insurance expense for the month To record one month of subscriptions To record depreciation for the month To accrue saiaries _ to record one month of subscriptions Jan 31 To record depreciation for the month Jan 31 To accrue salaries Jan 31 $ $ To accrue revenue earned

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Statement Fraud Prevention And Detection

Authors: Zabihollah Rezaee, Richard Riley

2nd Edition

0470543205, 9780470543207

More Books

Students also viewed these Accounting questions

Question

Behaviour: What am I doing?

Answered: 1 week ago