HELP PLEASE RUNNING OUT OF TIME
2.Supplies on hand at 12/31 is $250. (Trial Balance is on Worksheet (Sheet 2)) Can this be reversed on 1/1/21 ? Yes or No Because of what reversing entry rule \#? Adjusting Entry: \begin{tabular}{|l|l|l|l|} \hline & Account & Debit & Credit \\ \hline 12/31/20 & & & \\ \hline & & \\ \hline \end{tabular} 3.Insurance premiums for one year $1850. Round answer to the nearest whole dollar Can this be reversed on 1/1/21 ? Yes or No Because of what reversing entry rule \#? Adjusting Entry: 4.Depreciation on equipment for one year $600. Can this be reversed on 1/1/21 ? Yes or No Because of what reversing entry rule \#? Adjusting Entry: 12/31/20 Account Debit Credit 4.Depreciation on equipment for one year $600. Can this be reversed on 1/1/21 ? Yes or No Because of what reversing entry rule \#? Adjusting Entry: 12/31/20 Account Debit Credit 1. Fees earned, but not yet recorded on the books at 12/31/20,$500. Can this be reversed on 1/1/21 ? Yes or No Yes Because of what reversing entry rule \#? 123 Adjusting Entry: 12/31/20 Account Debit Credit 2.Supplies on hand at 12/31 is $250. (Trial Balance is on Worksheet (Sheet 2)) Can this be reversed on 1/1/21 ? Yes or No Because of what reversing entry rule \#? Adjusting Entry: 12/31/20 Account Debit Credit 2.Supplies on hand at 12/31 is $250. (Trial Balance is on Worksheet (Sheet 2)) Can this be reversed on 1/1/21 ? Yes or No Because of what reversing entry rule \#? Adjusting Entry: \begin{tabular}{|l|l|l|l|} \hline & Account & Debit & Credit \\ \hline 12/31/20 & & & \\ \hline & & \\ \hline \end{tabular} 3.Insurance premiums for one year $1850. Round answer to the nearest whole dollar Can this be reversed on 1/1/21 ? Yes or No Because of what reversing entry rule \#? Adjusting Entry: 4.Depreciation on equipment for one year $600. Can this be reversed on 1/1/21 ? Yes or No Because of what reversing entry rule \#? Adjusting Entry: 12/31/20 Account Debit Credit 4.Depreciation on equipment for one year $600. Can this be reversed on 1/1/21 ? Yes or No Because of what reversing entry rule \#? Adjusting Entry: 12/31/20 Account Debit Credit 1. Fees earned, but not yet recorded on the books at 12/31/20,$500. Can this be reversed on 1/1/21 ? Yes or No Yes Because of what reversing entry rule \#? 123 Adjusting Entry: 12/31/20 Account Debit Credit 2.Supplies on hand at 12/31 is $250. (Trial Balance is on Worksheet (Sheet 2)) Can this be reversed on 1/1/21 ? Yes or No Because of what reversing entry rule \#? Adjusting Entry: 12/31/20 Account Debit Credit
