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can you solve these please Instructions Chart of Accounts ns (a) On December 1, $11,750 was received for a service contract to be performed from
can you solve these please
Instructions Chart of Accounts ns (a) On December 1, $11,750 was received for a service contract to be performed from December 1 through Apri 30 (b) Assuming the work is performed evenly throughout the contract period, prepare the adjusting journal entry on December 31 Required: Record journal entries for the above transactions. Refer to the Chart of Accounts for exact wording of account titles. ns rt of Accounts CHART OF ACCOUNTS General Ledger REVENUE ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 41 Fees Earned EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Interest Expense 54 Wages Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense 6 Office Building 17 Accumulated Depreciation-Office Building LIABILITIES 21 Accounts Payable 22 Notes Payable 23 Unearned Fees 24 Wages Payable 25 Interest Payable EQUITY 31 Owner, Capital 32 Owner, Drawing Instructions Chart of Accounts General Journal PAGE 1 Next Step by Step Solution
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