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can you help ne fill out this chart please? Brokeback Towing Company is at the end of its accounting year, December 31, 2021. The following

can you help ne fill out this chart please?
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Brokeback Towing Company is at the end of its accounting year, December 31, 2021. The following data that must be considered were developed from the company's records and related documents: a. On July 1, 2021, a two-year insurance premium on equipment in the amount of $456 was paid and debited in full to Prepaid Insurance on that date. Coverage began on July 1. b. At the end of 2021, the unadjusted balance in the Supplies account was $1,000. A physical count of supplies on December 31,2021 . indicated supplies costing $240 were still on hand. c. On December 31, 2021, YY's Garage completed repairs on one of Brokeback's trucks at a cost of $740. The amount is not yet recorded. It will be paid during January 2022. d. On December 31, 2021, the company completed a contract for an out-of-state company for $7,650 payable by the customer within 30 days. No cash has been collected and no journal entry has been made for this transoction. 2. On July 1, 2021, the company purchased a new hauling van. Depreciation for July-December 2021, estimated to total $2,450, has not been recorded. 6. As of December 31, the company owes interest of $440 on a bank loan taken out on October 1,2021 . The interest will be paid when the loan is repaid on September 30,2022 . No interest has been recorded yet. g. Assume the income after the preceding adjustments but before income taxes was $24,000. The company's federal income tax rate is 30%. Compute and record income tax expense. Required: 1. Give the adjusting journal entry required for each item at December 31,2021 . 2. If adjustments were not made each period, the financial results could be moterially misstated. Determine the amount by which Brokeback's net income would have been understated, or overstated, had the adjustments in requirement 1 not been made. Complete this question by entering your answers in the tabs below. Give the adjusting journal entry required for each item at December 31, 2021. (If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry worksheet 234567 Record the entry for insurance expense if, on July 1, 2021, a two-year insurance premium on equipment in the amount of $456 was paid and debited in full to Prepaid Insurance on that date. Coverage began on July 1. Note I tinter detaits betare credits. Give the adjusting journal entry required for each item at December 31, 2021. (if no entry is required for a transaction/event, select "No Journal Entry Recuired" in the first account field.) Journal entry worksheet \langle Record the entry for supplies expense if, at the end of 2021 , the unadjusted balance in the Supplies account was $1,000. A physical count of supplies on December 31,2021 , indicated supplies costing $240 were still on hand. Note: Fnter debits before crediti. Give the adjusting fournal entry required for each item at December 31, 2021. (If no entry is required for a transaction/event, select "No Journal Eathy Required" in the first account field.) Journal entry worksheet Record the entry for repairs if, on December 31, 2021, Yr's Garoge completed repairs on one of Brokeback's trucks at a cost of $740. The amount is not yet recorded. It will be paid during Jonuary 2022. Note: Fnter debits before credts. Give the adjusting journal entry required for each item at December 31, 2021. (If no entry is required for a transaction/event, select "No Joumat Entry Recuired' in the first account field.) Journal entry worksheet Record the entry for the contract completed by the company on December 31 for an out-of-state company for $7,650 payable by the customer within 30 days. No cash has been collected and no joumal entry has been made for this transaction. Notel Enter debits before credits: Give the adjusting journal entry required for each item at December 31, 2021. (If no entry is required for a transaction/event, select " Joumal Entry Required" in the first account field.) Journal entry worksheet 1 Record the entry for depreciation for a hauling van purchased by the company on July 2021. Depreciation for July-December 2021, estimated to total $2,450, has not been recorded. Note: Enter debits before credita. Glve the adjusting journal entry required for each item at December 31, 2021. (If no entry is required for a transaction/event, select "n Journal Entry Required" in the first account fleld.) Journal entry worksheet Record the entry for $440 interest owed by the company as of December 31, on a bank loan taken out on October 1,2021 . The interest will be paid when the loan is repaid on September 30,2022 . No interest has been recorded yet. Notel Enfer debits before credits. Give the adjusting foumal entry required for each item at December 31, 2021. (if no entry is required for a transaction/event, select Joumal Entry Required in the first account field.) Journal entry worksheet Record the entry for income tax expense, the income after the preceding adjustments but before income taxes was $24,000. The company's federal income tax rate is 30%. Note: Finter detits before credits. Required: 1. Give the adjusting journal entry required for each item at December 31,2021 . 2. If adjustments were not made each period, the financial results could be materially misstated. Determine the amount by whic Brokeback's net income would have been understated, or overstated, had the adjustments in requirement 1 not been made. Compiate this question by entering your answers in the tabs below. If adjustments were not made each period, the financial results could be materially misstated. Determine the amount by which Brokeback's net income would have been understated, or overstated, had the adjustments in requirement 1 not been made

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