can you please explain to me where yo got the number from on journal entry worksheet 1 i understand 24 but i dont get where you get the other number from to actually do the calculation
The unadjusted trial balance of the Fashion First Company as of December 31, 2021 is found on the tral balance tab. The following information is required to prepare the necessary adjusting entries for the Fashion First Company. 1) The balance in Prepald insurance represents a 24-month policy that went into effect on December 1, 2021. Review the unadjusted balance in Prepald insurance, and prepare the necessary adjusting entry, if any 2) Based on a physical count, supplies on hand total $4,500. Revlew the unadjusted balance in Supples, and prepare the necessary acjusting entry, If any. 3) The equipment is expected to have a 5 -year useful ife, and be worth about $9.000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation. if any. 4) On December 26 , the client pald a $8,40060-day fee in advance, covering December 27 to February 24 . Review the unadjusted baiance in Unearned Cnsuiting Revenue, and prepare the necessary adjusting entry, if any. 5) Fashion First's employee earns $110 per day for a five-day workweek begining on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry. If any 6) In the second week of December, Fashion First agreed to provide 30 days of consulting services to a local fitness club for a fixed fee or $3,660. The terms of the inivol agreement call for Fashion First to provide services from December 12. 2021, through January 10 . 2022 or 30 days of service. The ciub agrees to pay Fashion First $3,660 on January 10,2022 , when the service period is complete Review the unadjusted baiance in Consulting revenue, and prepare the necessary adjusting entry, if any. For transactions 16, review the unadjusted balance from the Trial Balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. After adjusting the accounts, review the financial statements for accuracy. Journal entry worksheet The balance in Prepaid insurance represents a 24 -month policy that went into effect on December 1, 2021. Review the unadjusted balance in prepaid insurance, and prepare the necessary adjusting entry, if any. Wesel Enter debits before credita. The unadjusted trial balance of the Fashion First Company as of December 31, 2021 is found on the tral balance tab. The following information is required to prepare the necessary adjusting entries for the Fashion First Company. 1) The balance in Prepald insurance represents a 24-month policy that went into effect on December 1, 2021. Review the unadjusted balance in Prepald insurance, and prepare the necessary adjusting entry, if any 2) Based on a physical count, supplies on hand total $4,500. Revlew the unadjusted balance in Supples, and prepare the necessary acjusting entry, If any. 3) The equipment is expected to have a 5 -year useful ife, and be worth about $9.000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation. if any. 4) On December 26 , the client pald a $8,40060-day fee in advance, covering December 27 to February 24 . Review the unadjusted baiance in Unearned Cnsuiting Revenue, and prepare the necessary adjusting entry, if any. 5) Fashion First's employee earns $110 per day for a five-day workweek begining on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry. If any 6) In the second week of December, Fashion First agreed to provide 30 days of consulting services to a local fitness club for a fixed fee or $3,660. The terms of the inivol agreement call for Fashion First to provide services from December 12. 2021, through January 10 . 2022 or 30 days of service. The ciub agrees to pay Fashion First $3,660 on January 10,2022 , when the service period is complete Review the unadjusted baiance in Consulting revenue, and prepare the necessary adjusting entry, if any. For transactions 16, review the unadjusted balance from the Trial Balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. After adjusting the accounts, review the financial statements for accuracy. Journal entry worksheet The balance in Prepaid insurance represents a 24 -month policy that went into effect on December 1, 2021. Review the unadjusted balance in prepaid insurance, and prepare the necessary adjusting entry, if any. Wesel Enter debits before credita
