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https://www.chegg.com/homework-help/questions-and-answers/main-street-casuals-shoppe-inc-main-street-casuals-shoppe-inc-mscs-retail-merchandiser-sel-q25082315 The Main Street Casuals Shoppe, Inc on February 29 t, the folloing adjusting journal entries were recorded Accrued Utility expense for February-$800 Interest on
https://www.chegg.com/homework-help/questions-and-answers/main-street-casuals-shoppe-inc-main-street-casuals-shoppe-inc-mscs-retail-merchandiser-sel-q25082315
The Main Street Casuals Shoppe, Inc on February 29 t, the folloing adjusting journal entries were recorded Accrued Utility expense for February-$800 Interest on the bank not e was accrued for 29 days, payment is due on March 10 ng expense for February was recorded for the month ounts Receivable in the amount of $2,500 was recorded for a customer- Melbourne Diner for specialty clot Accrued Salary Expense for e Depreciation on Salary Expense for employee 1 was accrued for one day the building was recorded for 2 months January and February. The ouiding had an estimated life of 25 years, no salvage value. Depreciation is based on the straight line method. Assume 2 full months of depreciation will be taken. Rent Revenue for February was recorded for the jewelry vendor An agreement was signed to deliver 300 uniforms to South Shore Hospital during the second half of the year. The estimated revenue from this agreement is $6,000. Delivery is expected to take place in June of the current year. * Ending inventory as of February 29th was $101,000 Income Tax Expense Accrual was $ 6,169.00 Required: 1. Prepare in general journal format all Adjusting Journal Entries 2. Post Adjusting Journal entries to the general ledger 3. Prepare an Adjusted Trial Balance as of February 29th Note: Not all transactions require adjustmentsStep by Step Solution
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