Chapter 3 - HMWK eBook Show Me How 1. TMM.03.02 Adjusting Entries 2. TMM.03.03 Selected account balances before adjustment for Intuit Realty at November 30, the end of the current year, follow: Debits Credits 3. TMM.03.04 Accounts Receivable $64,590 4. TMM.03.05 100,000 5. TMM.03.06 $9,950 6. PE.03.01A Equipment Accumulated Depreciation - Equipment Prepaid Rent Supplies Wages Payable Unearned Fees 8,100 1,940 7. PE.03.02A 8,910 8. PE.03.03.ALGO 377,210 9. PE.03.04.ALGO 127,240 10. EX.03.04 11. EX.03.11.ALGO Fees Earned Wages Expense Rent Expense Depreciation Expense Supplies Expense Data needed for year-end adjustments are as follows: Supplies on hand at November 30, $580. Depreciation of equipment during year, $970. Rent expired during year, $5,940. Wages accrued but not paid at November 30, $1,870. Unearned fees at November 30, $3,750. Unbilled fees at November 30, $4,460. Required: 12. EX.03.18.ALGO 13. EX.03.28 14. PR.03.02.ALGO 15. PR.03.03.ALGO 16. PR.03.05.ALGO 1. Journalize the six adjusting entries required at November 30, based on the data presented. If an amount box does not require an entry, leave it blank. Alm. on Supplies Expense 17. PR.03.05B Previous Check My Work Next Progress: 14/20 items Chapter 3 - HMWK eBook Show Me How Required: 1. TMM.03.02 1. Journalize the six adjusting entries required at November 30, based on the data presented. If an amount box does not require an entry, leave it blank. 2. TMM.03.03 Nov. 30 Supplies Expense 3. TMM.03.04 Supplies 4. TMM.03.05 30 Depreciation Expense 5. TMM.03.06 Accumulated Depreciation Equipment 6. PE.03.01A 30 Rent Expense Correct 7. PE.03.02A Prepaid Rent 8. PE.03.03.ALGO 10 I II II II II II II II II II 30 Wages Expense 9. PE.03.04.ALGO Wages Payable 10. EX.03.04 11. EX.03.11.ALGO 30 Unearned Fees Fees Earned 12. EX.03.18.ALGO 13. EX.03.28 30 Accounts Receivable Fees Earned 14. PR.03.02.ALGO Feedback 15. PR.03.03.ALGO Check My Work 16. PR.03.05.ALGO 17. PR.03.05B Check My Work Previous Next Progress: 14/20 items Chapter 3 - HMWK eBook Show Me How 1. TMM.03.02 Feedback 2. TMM.03.03 Check My Work 3. TMM.03.04 2. What would be the effect on the income statement if the adjustments for equipment depreciation and unearned fees were omitted at the end of the year? Enter all amounts as positive numbers. 4. TMM.03.05 Fees earned 5. TMM.03.06 Understated by $ 6. PE.03.01A 7. PE.03.02A 8. PE.03.03.ALGO Depreciation expense Understated by $ Net income Understated by $ 3. What would be the effect on the balance sheet if the adjustments for equipment depreciation and unearned fees were omitted at the end of the year? Enter all amounts as positive numbers. Accumulated depreciation Understated by $ Total assets Overstated by $ Unearned fees Overstated by $ Total liabilities Overstated by $ Owner's equity Understated by $ Total liabilities and owner's equity Overstated by $ 9. PE.03.04.ALGO 10. EX.03.04 11. EX.03.11.ALGO 12. EX.03.18.ALGO 13. EX.03.28 4. What would be the effect on "Net increase or decrease in cash" on the statement of cash flows if the adjustments for equipment depreciation and unearned fees were omitted at the end of the year? No effect 14. PR.03.02.ALGO Feedback dropdown 15. PR.03.03.ALGO . Feedback 16. PR.03.05.ALGO 17. PR.03.05B Check My Work
