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!! Can someone show hot to do d and e in quickbooks or at least share the steps , if you can do all please
!! Can someone show hot to do d and e in quickbooks or at least share the steps , if you can do all please do
5. Use the information below to prepare adjusting journal entries. Record each adjusting journal entry separately, and use June 30,2023 , for the date. a. The prepaid insurance represents a one-year policy. Record insurance expense for one month. Refer to the trial balance to determine the amount in the Prepaid Insurance account. For Journal no., use AJEl. b. The prepaid advertising represents a six-month contract. Record the advertising expense for one month. c. Monthly depreciation on the assets: $75 for Computer, $50 for Furniture, and $100 for Software. Record each depreciation expense as a separate adjusting journal entry. d. The computer supplies on hand total $350. Compare with the amount in the Computer Supplies account to determine how much of the account has been used and then record the expense. e. The office supplies on hand total $325. Compare with the amount in the Office Supplies account to determine how much of the account has been used and then record the expense. f. The interest on the note payable for one month is $25. Record the interest expense. Add to the Chart of Accounts List the Interest Payable account, Other Current Liabilities type and detail type, number 2030. 5. Use the information below to prepare adjusting journal entries. Record each adjusting journal entry separately, and use June 30,2023 , for the date. a. The prepaid insurance represents a one-year policy. Record insurance expense for one month. Refer to the trial balance to determine the amount in the Prepaid Insurance account. For Journal no., use AJEl. b. The prepaid advertising represents a six-month contract. Record the advertising expense for one month. c. Monthly depreciation on the assets: $75 for Computer, $50 for Furniture, and $100 for Software. Record each depreciation expense as a separate adjusting journal entry. d. The computer supplies on hand total $350. Compare with the amount in the Computer Supplies account to determine how much of the account has been used and then record the expense. e. The office supplies on hand total $325. Compare with the amount in the Office Supplies account to determine how much of the account has been used and then record the expense. f. The interest on the note payable for one month is $25. Record the interest expense. Add to the Chart of Accounts List the Interest Payable account, Other Current Liabilities type and detail type, number 2030Step by Step Solution
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