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Can you please help me with Journal Adjustments and Adjusted Trial Balance thank you. What do you mean total of debit is not correct? that's
Can you please help me with Journal Adjustments and Adjusted Trial Balance thank you.
What do you mean total of debit is not correct? that's what my professor did and telling me to do journal and trial balance.
Enneh Pramanau Adjustments 1. Supplies on hand is $2,700. 2. March Depreciation expenses are: Building $100, Equipment, $300 3. Prepaid Rent is for 2-years (24-months). Need to recognize March expense 4. Prepaid Insurance is for 1 -year (12-months). Need to recognize March expense 5. The earned portion of Unearned Revenue is $50,000. 6. The Bank loan was taken out on Jan 1,2022 , at 6% annual interest rate for 5 -years. 7. The weekly wage is $6,000 will be paid on Friday, April 1st (March 31 st is on the Thursday). 8. The month of March Utility and Telephone bills for $300 and $600 respectively were received and paid on April 5 th. 9. Received payment of $6,000 on April 6th for services completed on March 31 st. Unadjusted Trial Balance 31Mar-22 Adjustments 1. Supplies on hand is $2,700. 2. March Depreciation expenses are: Building $100. Equipment, $300 3. Prepaid Rent is for 2-years (24-months). Need to recognize March expense 4. Prepaid Insurance is for 1-year (12-months). Need to recognize March expense 5. The camed portion of Uneamed Revenue is $50,000. 6. The Bank loan was taken out on Jan 1, 2022, at 6% annual interest rate for 5-years 7. The weekly wage is $6,000 will be paid on Friday, April Ist (March 3 Ist is on the Thursday). 8. The month of March Utility and Telephone bills for $300 and $600 respectively were received and paid on April 5 th. 9. Received payment of $6,000 on April 6th for services completed on March 31 st Step by Step Solution
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