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Editing Vol Styles DXC Tezhnalogs, offers technological solutions to Pfizer DXC Technology prepares the adjusting entries on monthly base Please joumalize the transactions below (40

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Editing Vol Styles DXC Tezhnalogs, offers technological solutions to Pfizer DXC Technology prepares the adjusting entries on monthly base Please joumalize the transactions below (40 points) 1. On March 1* 2019. DXC Technology purchased a notes payable of 400.000 USD with a monthly interest rate of 1%. This notes payable will be repaid together with the interest expenses on February 28, 2020. a Prepare the journal entry for March 12020 Date 1 March Account Debit Credit b. Prepare the journal entry for December 31, 2020 Date Account Debit Credit 6. Prepare the joumal entry for February 28th, 2020 Date Account Deble Credit d. If the payment date was Ih of March 2020, how would you prepare your journal entry 2. On July 1st 2019 Pfizer made a payment of 60.000 USD for the services that will be offered for the next three months. a Prepare the journal entry for 1st of July for Pfizer joumal (Pfizer also prepares its adjusting entries on monthly basis) Bate Account Debit Credit b. If during the first two month DXC Technology has offered 50,000 USD what should you joumal entry look like on 30 of September for the DXC Technology books? Date Account Debit Credit Paragraph Styles Editin 3. DXC Technology purchased its machineries on 1 of January 2016 for 400.000 USD and it will be used for 6 years. a Calculate the balance of Accumulated Depreciation on 1st of January of 2019. (The adjusting entries are done on Monthly basis) 6. Prepare the adjusting entry for December 318 2019 Bate Account Debit Credit CALLE HACIENT Hersteller Tania A Download 62F Partly sunny x - FZ a pro F9 BBS F12 onxe Ogo 6 le E R T N U OP 1. Company uses periodic inventory system and some information about the company such as: Inventory on hand on 31 December 2018 is $6.000 During 2019. purchases of merchandise is $10.000 Inventory on hand on 31 December 2019 is $400 Please compute the Cost of Goods sold for 2019 and make required joumal entry on December 31, 2019 Date Account Debit Credit DXC Technology has the following Trial Balance on December 31st 2019. Please close the temporary accounts Accounts Credit Debit 2,500 5,500 250 150 805 900 CASH Account Receivable Office Supplies Prepaid Insurance Prepaid Rent Machinery Accumulated Depreciation Accounts Payable Interest Payable Unearned Revenues Salaries Payable Capital Stock Dividend Retained Earnings Service Revenues Insurance Expense Depreciation Expense Utility Expense Office Supplies Expense 600 400 300 450 400 7,000 500 410 5,000 3,100 300 400 155 Total Accessibility: Unavailable 14,560 14,560

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