Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Che Prepare the adjusting journal entries for the following transactions. (if no entry is required for a transaction/event, select No Journal Entry Required in the

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Che Prepare the adjusting journal entries for the following transactions. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1. Supplies for office use were purchased during the year for $500, of which $100 remained on hand (unused) at year-end. 2. Interest of $250 on a note receivable was earned at year-end, although collection of the interest is not due until the following year. 3. At year-end, salaries and wages payable of $3,600 had not been recorded or paid. 4. At year-end, one-half of a $2,000 advertising project had been completed for a client, but nothing had been billed or collected 5. Redeemed a gift card for $600 of services. View transaction list Journal entry worksheet C D E > Record the entry for supplies used during the year. Note: Enter debits before credits General Journal Transaction 1 Debit Credit Prev 1 of 4 Next > Journal entry worksheet A D E Go > Record the interest of $250 on a note receivable that was earned at year-end, although collection of the interest is not due until the following year. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal Journal entry worksheet Record the salaries and wages payable of $3,600 that had not been recorded or paid. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the entry for one-half of a $2,000 advertising project that had been completed for a client but nothing had been billed or collected. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal . View transaction list Journal entry worksheet B D E Record the entry for redemption of a gift card for $600 for services, Note: Enter debits before credits Transaction General Journal Debit Credit 5 Record entry Clear entry View general journal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting for Governmental and Nonprofit Entities

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

16th Edition

78110939, 978-0078110931

More Books

Students also viewed these Accounting questions