CCOUNTING OCIETY Once all journal entries are recorded in the practice set, record the nine adjusting journal entries below in the practice set The following are the adjusting journal entries for the month of June Record Adjusting Entries: Record the following month end adjusting entries for the month of June. Write the journal entries in the practice set after the original journal entries. Here round all answers to the nearest cent. $115 of supplies remained on hand $90 of shipping supplies remained on hand. $1,000 of wages for the part-time help from Irene's Temp Services for June should be accrued. Do not worry about payroll taxes; Temp Services Inc. will handle these. Make the necessary adjusting entries for one month's depreciation for the van using Straight Line Depreciation. Make the necessary adjusting entry for one month's depreciation for the computer equipment using Straight Line Depreciation. a. b. C. d. e. f. One month of the prepaid insurance has expired B. One month of the prepaid rent has expired h. $250 of prepaid advertising remains on hand i. Record one month's interest on the loan. The interest on the computer has been recorded in journal entry #28 so you do not need to record it in the adjusting entry section Part One Instructions: Enter all journal entries into the Practice Set. Once they are entered into the Practice Set, enter them into Blackboard. In blackboard no account name will be used, however you will state if it is a Dr or Cr then the account number and the amounts. If there is more than one debit or credit in the transaction list the smaller account number first. If it is a sale then list the sale first then the inventory and if more than one credit or debit then the smallest account number first. Example: On a transaction for a sale you would enter the sale first followed by the COGS and inventory: Dr 10000 $2,200.00 Cr 23000 $200.00 CR 40000 $2,000.00 Dr 50000 $1,500.00 Cr 12000 $800.00 Cr 12100 $700.00 A regular transaction would be Dr 10000 $5,300.00 Cr 11000 $5,300.00 r befo enter Dr or C the instructions carefully. There is no period after Dr or Cr. 9IPage CCOUNTING OCIETY Once all journal entries are recorded in the practice set, record the nine adjusting journal entries below in the practice set The following are the adjusting journal entries for the month of June Record Adjusting Entries: Record the following month end adjusting entries for the month of June. Write the journal entries in the practice set after the original journal entries. Here round all answers to the nearest cent. $115 of supplies remained on hand $90 of shipping supplies remained on hand. $1,000 of wages for the part-time help from Irene's Temp Services for June should be accrued. Do not worry about payroll taxes; Temp Services Inc. will handle these. Make the necessary adjusting entries for one month's depreciation for the van using Straight Line Depreciation. Make the necessary adjusting entry for one month's depreciation for the computer equipment using Straight Line Depreciation. a. b. C. d. e. f. One month of the prepaid insurance has expired B. One month of the prepaid rent has expired h. $250 of prepaid advertising remains on hand i. Record one month's interest on the loan. The interest on the computer has been recorded in journal entry #28 so you do not need to record it in the adjusting entry section Part One Instructions: Enter all journal entries into the Practice Set. Once they are entered into the Practice Set, enter them into Blackboard. In blackboard no account name will be used, however you will state if it is a Dr or Cr then the account number and the amounts. If there is more than one debit or credit in the transaction list the smaller account number first. If it is a sale then list the sale first then the inventory and if more than one credit or debit then the smallest account number first. Example: On a transaction for a sale you would enter the sale first followed by the COGS and inventory: Dr 10000 $2,200.00 Cr 23000 $200.00 CR 40000 $2,000.00 Dr 50000 $1,500.00 Cr 12000 $800.00 Cr 12100 $700.00 A regular transaction would be Dr 10000 $5,300.00 Cr 11000 $5,300.00 r befo enter Dr or C the instructions carefully. There is no period after Dr or Cr. 9IPage
