Question
Financial Accounting Notes Chapter 3 Class Project - WOW 4 stuoy Based on the adjustment data of WOW, Inc. at December 31, 2016 below, please
Financial Accounting Notes Chapter 3 Class Project - WOW 4 stuoy Based on the adjustment data of WOW, Inc. at December 31, 2016 below, please record the month-end adjusting entries. a. Accrued service revenue at December 31,$2,980 b. Prepaid rent expired during the month. Before the adjusting entries are made, the company had $1,800 balance in prepaid rent, which is for December 12016 through February 28, 2017. c. Supplies used during December, $2,300 d. Depreciation on furniture for the month is 1,200 e. Accrued salary expense at December 31 for Monday, Tuesday and Wednesday. The fiveday weekly payroll of $15,000 will be paid on Friday. 8
1. Based on the adjustment data of WOW, Inc. at December 31, 2016 below, please record the month-end adjusting entries. a. Accrued service revenue at December 31,$2,980 b. Prepaid rent expired during the month. Before the adjusting entries are made, the company had $1,800 balance in prepaid rent, which is for December 12016 through February 28, 2017. c. Supplies used during December, $2,300 d. Depreciation on furniture for the month is 1,200 e. Accrued salary expense at December 31 for Monday, Tuesday and Wednesday. The fivedav weeklv navroll of $15,000 will be paid on FridayStep by Step Solution
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