Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Instructions Chart of Accounts Journal Instructions On August 1, 2011. Newhouse Co. received $25, 220 for the rent of land for 12 months Joumalize the
Instructions Chart of Accounts Journal Instructions On August 1, 2011. Newhouse Co. received $25, 220 for the rent of land for 12 months Joumalize the disting entry required for unearned runt on December 31, 2011. Refer to the chart of accounts for the exact wording of the account es. CNOW Journals do not use Aines for oumal explanations. Every ine on a joumal pago de used for debit or credit antios. CNOW jumals wa awtomatically ndent a credit entry when a cruel amount is entered stment for unearned revenue structions Chart of Accounts Journal ructions Chart of Accounts General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 42 Rent Revenue 13 Supplies 14 Prepaid Insurance EXPENSES 15 Land 16 Equipment 17 Accumulated Depreciation Equipment 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salary Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Salaries Payable 24 Taxes Payable All work saved. Journal Journalize the acusting entry required for uneamed rent on December 31, 2071. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use Nines for jownal explanations. Every Ine on a joumal page is used for debitor credit entries, CNOW journals will automatically inderit a crecht entry when a credit amounts entered PAGE 10 JOURNAL ACCOUNTING EQUATION 2 DATE POSTRE DEBIT CREDIT ASSETS LATILITIES EQUITY DESCEPTION Adjusting Entries 2 3 Previous Next
Step 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