Question
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.
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