Question
I asked question but I am still waiting for answer. how can I get the answer? a)For the first 11 months of the year, office
I asked question but I am still waiting for answer. how can I get the answer?
a)For the first 11 months of the year, office rent had been charged to the Rent Expense account at a rate of $1000 per month. On December 1, the company signed a new rental agreement and paid 3 months in advance at a rate of $1,100 per month. The advance payment was debited to the Prepaid rent account. (Hint: December rent went up)
b)Dues and subscription expense for the year is $710
c)The unused supplies on December 31 is $450
d)Interest on bank loan amounted to $100 at the end of the year. NOT yet pay. (Hint: interest payable account)
e)The useful life of the equipment has been estimated at 10 years from date of purchase (straight line depreciation)
f)Consulting service valued at $32,550 were rendered (service was done) during the year for clients who had made payment in advance. (Hint: The advance payment was debit to Unearned revenue account.)
g)At December 31, engineering services $3000 was completed in December but was not bill.
Salaries earned by employees but not yet paid amounted to $2,200 at December 31 (Hint: Salaries Payable
I need help for adjustments income statement and balance sheet for this data trial balance you have already mention in your site i am also showing trial balance
Reed Geophysical Company adjusts and closes its accounts at the end of the calendar year. At December 31, 20-1
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