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Homewone HW Journalize the austing entry needed at October 31, the fiscal year-end for each of the folowing independent stuations. No other adjusting entries
Homewone HW Journalize the austing entry needed at October 31, the fiscal year-end for each of the folowing independent stuations. No other adjusting entries have been made for the year (Record de ten od Election from joumal eines) (Cack the inan in view the bastions) On August 1, $5,400 rent was ostected in advance Cash was debibed and Uneamed en revenue was credited. The tenant was paying six months' rant in avance Date Oct Journal Entry Accounts Debit Credit More info On August 1, $5,400 rent was collected in advance. Cash was debted and Uneamed rent revenue was credited. The tenant was paying six months rent in avance b. The business holds a $30,000 note receivable. Interest revenue of 5080 has been named on the note but not yet received 6. Salaries expense is $3,100 per day, Monday through Friday, and the business pays employees each Friday This year, October 31 fate on a Thursday. d f The unadjusted balance of the Supples account is $2,200 Supplies on hand total $600 Equipment was purchased two years ago at a cost of $15,000. The equipments useful ife is three years On April 1, when $1,260 was paid for a one-year insurance policy. Prepaid insurance was debited and Cash was credited Print Done
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