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As of December 3 1 , year - end, the following adjusting entry data are provided. Prepaid Rent: Rent is paid every six months upfront,
As of December yearend, the following adjusting entry data are provided. Prepaid Rent: Rent is paid every six months upfront, and rent is paid through the end of February. Inventory: A physical count reveals $ worth of inventory and $ worth of supplies remain. Advertising supplies: You used $ worth of supplies. Depreciation: The equipment excluding the new fridge has a year useful life and a $ salvage value. The new fridge has a year useful life and a $ salvage value. Accrued Salaries: Employees earned hours for work done through January st payable on February th Prepaid insurance: One months worth of insurance has expired. A cell phone invoice is received for $ The invoice is for services provided during January and is due on February WHAT WOULD THE ADJUSTED ENTRIES BE
As of December yearend, the following adjusting entry data are provided.
Prepaid Rent: Rent is paid every six months upfront, and rent is paid through the end of February.
Inventory: A physical count reveals $ worth of inventory and $ worth of supplies remain.
Advertising supplies: You used $ worth of supplies.
Depreciation: The equipment excluding the new fridge has a year useful life and a $ salvage value. The new fridge has a year useful life and a $ salvage value.
Accrued Salaries: Employees earned hours for work done through January st payable on February th
Prepaid insurance: One months worth of insurance has expired.
A cell phone invoice is received for $ The invoice is for services provided during January and is due on February
WHAT WOULD THE ADJUSTED ENTRIES BE
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