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Badger Bagels had the following separate situations occur during 2016. The company's accountant is preparing the annual financial statements at December 31, 2016 and has
Badger Bagels had the following separate situations occur during 2016. The company's accountant is preparing the annual financial statements at December 31, 2016 and has asked you to prepare the adjusting entries for each situation using the financial statement effects template a. The Uneared Revenue account has an unadjusted balance of $8,000 consisting of gift cards sold to customers. Redeemed gift cards that have not yet been recorded total $4,800. b. The company has not yet received a bill or paid for utilities for the month of December. The expense is estimated to be $3,360 c. At December 31, 2016, employee wages of $9,200 have been incurred but not paid or recorded. d. At December 31, 2016, $1,760 of interest has been incurred, but not yet paid or recorded. e. Unrecorded depreciation on equipment is $11,200 TTIT Paragraph Arial 3 (12pt E-T- XOOQ T'TE --- BOOK 1 OGS 5 * % 5 & 7 8 3 P o U Y E R T
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