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Hi can i get help with answering the journal enrty for number 2 and 8 GLO302 (Algo) - Based on Problem 3-3A LO P1, P2,

Hi can i get help with answering the journal enrty for number 2 and 8
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GLO302 (Algo) - Based on Problem 3-3A LO P1, P2, P3, P4, P5 Griffin Technical Institute (GTI), a school owned by Rita Griffin, provides training to individuals who pay tuition directly to the school. GTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2022, is found on the trial balance tab. GTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow. a. An analysis of GTI's insurance policies shows that $2,600 of coverage pired. b. An inventory count shows that teaching supplies costing $3,400 are o at year-end c. Annual depreciation on the equipment is $6,200. d. Annual depreciation on the professional library is $11.800. e. On November 1. GTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $3,400, and the client paid the first five months' fees in advance When the cash was received, the Unearned Training Fees t. On October 15, GTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $3,200 of the tuition has been earned by GTI. 9. GTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $200 per day for each employee h. The balance in the Prepaid Rent account represents rent for December account was credited General Requirement General Income Trial Balance St of Retained Journal Impact on Ledger Statement Earnings Balance Sheet income For transactions a-, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry View transaction list Journal entry worksheet 2 An inventory count shows that teaching supplies costing $3,400 are available at year-end Note: Enter debits before credits Date Account Title Teaching supplies expense Debit Credit Dec 31 Prev 1 of 1 # Next tab. GTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow. a. An analysis of GTI's insurance policies shows that $2,600 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,400 are available at year-end. c. Annual depreciation on the equipment is $6,200. d. Annual depreciation on the professional library is $11,800 e. On November 1, GTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $3,400, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees f. On October 15, GTI agreed to teach a four-month class (beginning Immediately) for an executive with payment due at the end of the class. At December 31, $3,200 of the tuition has been earned by GTI. g. GTI's two employees are paid weekly. As of the end of year, two days' salaries have accrued at the rate of $200 per day for each employee h. The balance in the Prepaid Rent account represents re December account was credited. Requirement General Journal General Ledger Trial Balance Income Statement St of Retained Earnings Balance Sheet Impact on income For transactions a-h, res General Journal usted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense Incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry View transaction list Journal entry worksheet 2 8 > An Inventory count shows that teaching supplies costing $3,400 are available at year-end Note: Enter debits before credits Date Account Title Dec 31 Teaching supplies expense Teaching supplies Debit Credit a. An analysis of GTI's insurance policies shows that $2,600 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,400 are available at year-end. c. Annual depreciation on the equipment is $6,200. d. Annual depreciation on the professional library is $11,800. e. On November 1, GTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $3,400, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. f. On October 15, GTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $3,200 of the tuition has been earned by GTI. g. GTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $200 per day for each employee h. The balance in the Prepaid Rent account represents rent for December General Requirement General Income Trial Balance St of Retained Journal Impact on Ledger Statement Balance Sheet Earnings income For transactions a-h, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry View transaction list Journal entry worksheet 6 8 The balance in the Prepaid Rent account represents rent for December Note: Enter debits before credits Account Title Date Dec 31 Debit Credit Rent expense Prepaid rent Record entry Clear entry View general Journal Prev 1 of 1 !!! Next Requirement General Journal General Ledger Trial Balance Income Statement St of Retained Earnings Balance Sheet Impact on income You may view either the unadjusted or adjusted trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. Adjusted Griffin Technical Institute Trial Balance December 31, 2022 Account Title Debit Credit $ 61,100 3,200 8,750 10,400 3,200 59,000 35,400 62,000 Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation - Professional library Equipment Accumulated depreciation - Equipment Accounts payable Salaries payable Uneamed training fees Common stock Retained earnings Dividends Tuition fees earned Training fees earned Depreciation expense - Professional library Depreciation expense - Equipment Salaries expense Insurance expense Rent expense Advertising expense Utilities expense Total 18,600 29,600 800 10.200 8,000 92,000 50,600 134,200 50,300 11,800 6,200 52,400 2,600 35,200 6,100 6,550 379,100 $ $ 379,100 (General Ledger Income Statement > Prev 1 of 1 Next

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