Question
J. Kent, owner of Fitness Co, wants you to prepare the three adjusting entries for the month of May on Journal.Be sure to include descriptions.
J. Kent, owner of Fitness Co, wants you to prepare the three adjusting entries for the month of May on Journal.Be sure to include descriptions.
a) Supplies: May 1, $4,900; May 31, $900.
b) On May 1, $4,000 of prepaid rent remained for the period of May 1 - August 31.
c) Truck $22, 000; Accumulated Depreciation Truck May 1, $12, 000.
Residual Value 0. Depreciation rate is 30 percent per year. Use the Declining Balance method.Solve:
DATE GENERAL JOURNAL PARTICULARS Page PR DEBIT CREDIT
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SOLUTION Here are the adjusting journal entries for the month of May a Supplies Expense 4000 Supplie...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
