Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Huang Company s reporting year - end is December 3 1 . Below are the unadjusted and adjusted trial balances for December 3 1 ,
Huang Companys reporting yearend is December Below are the unadjusted and adjusted trial balances for December
Account Title Unadjusted Adjusted
Debits Credits Debits Credits
Cash $ $
Accounts receivable
Prepaid rent
Supplies
Inventory
Notes receivable
Interest receivable
Office equipment
Accumulated depreciation $ $
Accounts payable
Salaries payable
Notes payable
Interest payable
Deferred rent revenue
Common stock
Retained earnings
Sales revenue
Rent revenue
Interest revenue
Cost of goods sold
Salaries and wages expense
Rent expense
Depreciation expense
Supplies expense
Interest expense
Advertising expense
Totals $ $ $ $
Required:
Prepare the adjusting journal entries that were recorded on December
Note: If no entry is required for a particular event, select No journal entry required\" in the first account field.
please help me get the correcct answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started