Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CREE (15 points) the September 30 malah Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Unearned Rent Revenue An analysis of the account balances by the

image text in transcribed
image text in transcribed
CREE (15 points) the September 30 malah Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Unearned Rent Revenue An analysis of the account balances by the com account balances by the powded drive 1. A physical count of office supplies revealed $1.000 on and on 2. A two-year life insurance policy was insurance policy was purchased on September for SARDO 3. Office equipment depreciates $3.000 per year. 4. The amount of rent received in 5. Accrued salaries at September 30 are $2,000. on hand on September 30, rent received in advance that remains uncanned September 30 5900 squired mg the information given, prepare the adjusting entries that should be made by Sunkan Con General Journal Account Title Debit Part III (15 points) sukan Company prepares monthly financial statements. Below are some selected accou ne September 30 trial balance before any adiustments have been made for the mon any adjustments have been made for the month of September Some selected accounts and their balances on Supplies repaid Insurance ...... Iquipment ccumulated Depreciation-Equipment .... nearned Rent Revenue .. Debit $2,700 4,800 16,200 100 $1,000 1,200 analysis of the account balances by the company's acountant vided the following additional Information: 1. A physical count of office supplies revealed $1.000 on hand on September 30. 2. A two-year life insurance policy was purchased on September 1 for $1.800. 3. Office equipment depreciates $3,000 per year. 4. The amount of rent received in advance that remains uneared at September 30 is $300 5. Accrued salaries at September 30 are $2,000. Equired ing the information given, prepare the adjusting entries that should be made by Sunkan Company on Septemb General Journal Date Account Title Debit Credit

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

Managerial Accounting Selected Chapters For The University Of Oklahoma

Authors: Unknown Author

12th Edition

0077218256, 978-0077218256

More Books

Students also viewed these Accounting questions

Question

Self-awareness is linked to the businesss results.

Answered: 1 week ago