Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I am working on my accounting homework Accounting 26 E i am in chapter 4 working through problem PR 4-5A I am up to number

I am working on my accounting homework Accounting 26 E i am in chapter 4 working through problem PR 4-5A I am up to number four in this problem. could you please help with problem 4 it is broke down into a, b, c, d, e, f

So for A my prepaid insurance would be a debit for 375 and my insurance expense would be debit of 4425

B, Supplies on hand 1525 for my adjusted balance my supplies are now a debit of $1525 the supplies expense would be a debit of 2275

C. Would I do debit to depreciation expense of 750 and turn around a do a credit of 750 to accumulated depreciation expense.

D. Salaries payable of 175 credit and than increase salary expenses from 3500 to 3675 on the debit side.

E. Rent expense I think I would put in a debit of 2400 and change my prepaid rent from 4800 to 2400 on the debit side.

F. really did your help with this one. unearned fees of 2750 would that be a debit or credit to unearned fees and would this now change my fees earned?

Thanks for your help with this part of the problem.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Define Management or What is Management?

Answered: 1 week ago

Question

What do you understand by MBO?

Answered: 1 week ago

Question

What is meant by planning or define planning?

Answered: 1 week ago

Question

3. Comment on how diversity and equality should be managed.

Answered: 1 week ago

Question

describe the legislation that addresses workplace equality

Answered: 1 week ago