Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i completed till b part looking for part c Question 4 of 5 17.5/35 = Your answer is correct. Prepare adjusting journal entries for items
i completed till b part looking for part c
Question 4 of 5 17.5/35 = Your answer is correct. Prepare adjusting journal entries for items 1 to 4 above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Sept. 30 Interest Receivable 100 Interest Revenue 100 (To record accrued interest) Sept. 30 Salaries Expense 2400 Salaries Payable 2400 (To record accrued salaries) Sept. 30 Interest Expense 700 Interest Payable 700 (To record accrued interest) Sept. 30 Depreciation Expense 4750 Accumulated Depreciation 4750 (To record depreciation) Post adjusting journal entries for items 1 to 4 above. (Post entries in the order of journal entries presented above. Round answers to 0 decimal places, e.g. 5,275.) Interest Receivable Sept. 30 100 Bal. 100 Interest Revenue Sept. 30 100 Bal. 100 Salaries Payable Sept. 30 2400 Bal. 2400 Salaries Expense Sept. 30 Bal. 155,000 Sept. 30 2400 Question 5 of 5 (b) Question 5 of 5 Bal. Sept. 30 Bal. Sept. 30 Bal. Sept. 30 Bal. Sept. 30 Bal. Sept. 30 Bal. eTextbook and Media List of AccountsStep 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