Question
Indicate the accounts to be debited and credited to record the selected adjusting entrie described below by inserting the letter designations in the appropriate columns.
Indicate the accounts to be debited and credited to record the selected adjusting entrie described below by inserting the letter designations in the appropriate columns.
A. Acccounts receivable
B. Accumulated depreciation
C. Depreciation expense
D. Equipment
E. Insurance exspnse
F. Prepaid insurance
G. Prepaid rent
H. Prepaid taxes
I. Professional fees
J. Rent expense
K. Rent revenue
L. Supplies
M. Supplies exspense
N. Taxes exspense
O. Unearned rent
P. Wages expense
Q. Wage payable
| Description | Debit | Credit |
| Adjust for unearned rent earned during the period | O | K |
| Adjust for wages accrued at the end of the period | ||
| Adjust for depreciation for equipment for the period | ||
| Adjust for prepaid insurance expired during the period | ||
| Adjust for supplies used during the period | ||
| Adjust for rent accured at the end of the period on property rented to others | ||
| Adjust for professionals fees accrued at the end of the period |
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Curriculum Auditing
Authors: Fenwick W. English
1st Edition
0877625921, 978-0877625926
