Journalize the adjusting entries on December 31 1 to 4

ACTG3000 Davis Online Fall 2020 Riyam Cheko & | 09/25/20 8:12 PM Test: Exam 2 (CH3-4) Time Remaining: 01:07:06 Submit Test This Question: 15 pts 2 of 20 (0 complete) This Test: 110 pts possible Question Help Consider the following independent situations at December 31: i (Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. On July 1, a business collected $7,200 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. At December 31, the business must account for the amount of rent it has earned. Date Accounts and Explanation Debit Credit (a) Dec. 31 b. Salaries expense is $1,700 per day-Monday through Friday-and the business pays employees each Friday. This year December 31 falls on a Thursday. Date Accounts and Explanation Debit Credit (b) Dec. 31 c. The unadjusted balance of the Office Supplies account is $3,300. Office supplies on hand total $1,600. Date Accounts and Explanation Debit Credit (c) Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question. ?ACTGSOOO Davis Online Fall 2020 Riyam Cheko A | 09/25/20 8:12 PM Time Remaining: 01:06:56 Submit Test ( 2 of 20 (0 complete) V } Thi$ T681: 110 pts possible E Question Help 6' Consider the following independent situations at December 31: 0 (Click the icon to view the situations.) Joumalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debits rst, then credits. Select the explanation on the last line of the journal entry table.) c. The unadjusted balance of the Ofce Supplies account is $3,300. Office supplies on hand total $1,600. Accounts and Explanation Credit On July 1, a business collected $7,200 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. On December 31, the business must account for the amount of rent it has earned. Salaries expense is $1 ,700 per dayMonday through Fridayand the business pays employees each Friday. This year December 31 falls on a Thursday. The unadjusted balance at the Ofce Supplies account is $3,300. Oice supplies on hand total $1,600. Equipment depreciation was $400. On April 1, when the business prepaid $4,320 for a two-year insurance policy. the business debited Prepaid Insurance and credited Cash. ' rPrint '- d. Equipment depreciation was $400. Accounts and Explanation (d) Dec. 31 e. On April 1, when the business prepaid $4,320 for a two-year insurance policy, the business debited Prepaid Insurance and credited Cash. Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. ACTG3000 Davis Online Fall 2020 Riyam Cheko & | 09/25/20 8:13 PM Test: Exam 2 (CH3-4) Time Remaining: 01:06:51 Submit Test This Question: 15 pts 2 of 20 (0 complete) This Test: 110 pts possible Question Help Consider the following independent situations at December 31: i (Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit (c) Dec. 31 i More Info - X a. On July 1, a business collected $7,200 rent in advance, debiting Cash and crediting Unearned d. Equipment depreciation was $400. Revenue. The tenant was paying one year's rent in advance. On December 31, the business must account for the amount of rent it has earned. Date Accounts and Explanation Debit Credit b. Salaries expense is $1,700 per day-Monday through Friday-and the business pays (d) Dec. 31 employees each Friday. This year December 31 falls on a Thursday. The unadjusted balance of the Office Supplies account is $3,300. Office supplies on hand total $1,600. d. Equipment depreciation was $400. e. On April 1, when the business prepaid $4,320 for a two-year insurance policy, the business debited Prepaid Insurance and credited Cash. e. On April 1, when the business prepaid $4,320 for a two-year insurance policy, the business debited Prepaid Insurance al Print Done Date Accounts and Explanation Debit Credit (e) Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question.ACTG3000 Davis Online Fall 2020 Riyam Cheko & | 09/25/20 8:18 PM Test: Exam 2 (CH3-4) Time Remaining: 01:01:20 Submit Test This Question: 28 pts 4 of 20 (0 complete) This Test: 110 pts possible Question Help The unadjusted trial balance of Anniston Air Purification System at December 31, 2018, and the data needed for the adjustments follow. (Click the icon to view the trial balance.) i (Click the icon to view the adjusting entry information.) Read the requirements. Requirement 1. Journalize the adjusting entries on December 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. On December 15, Aurora contracted to perform services for a client receiving $2,900 in advance. Aurora recorded this receipt of cash as Unearned Revenue. As of December 31, Aurora has completed $1,800 of the services. Date Accounts and Explanation Debit Credit (a) Dec. 31 b. Aurora prepaid two months of rent on December 1. (Assume the Prepaid Rent balance as shown on the unadjusted trial balance represents the two months of rent prepaid on December 1.) Date Accounts and Explanation Debit Credit (b) Dec. 31 c. Aurora used $700 of office supplies. Date Accounts and Explanation Debit Credit (c) Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question. ?ACTG3000 Davis Online Fall 2020 Riyam Cheko & | 09/25/20 8:18 PM Test: Exam 2 (CH3-4) Time Remaining: 01:01:13 Submit Test This Question: 28 pts 4 of 20 (0 complete) This Test: 110 pts possible Question Help The unadjusted trial balance of Anniston Air Purification System at December 31, 2018, and the data needed for the adjustments follow. (Click the icon to view the trial balance.) i (Click the icon to view the adjusting entry information.) Read the requirements. d. Depreciation for the equipment is $800. Date Accounts and Explanation Debit Credit (d) Dec. 31 e. Aurora received a bill for December's online advertising, $800. Aurora will not pay the bill until January. (Use Accounts Payable.) Date Accounts and Explanation Debit Credit (e) Dec. 31 f. Aurora pays its employees on Monday for the previous week's wages. Its employees earn $3,000 for a five-day work week. December 31 falls on Wednesday this year. Date Accounts and Explanation Debit Credit (f) Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question. ?Riyam Cheko A | 09/25/20 8:18 PM ACTGSOOO Davls Online Fall 2020 EX 2 H3-4) 01 :m :09 Submit Test EQue on Help 0' The unadjusted trial balance of Anniston Air Purication System at December 31, 2018, and the data needed for the adjustments follow. a (Click the icon to View the trial balance.) 0 (Click the icon to view the adjusting entry information.) Read the muirements. f. Aurora pays its employees on Monday for the previous week's wages. Its employees earn $3,000 for a ve-day work week. December 31 falls on Wednesday this year. Accounts and Explanation 9. On October 1, Aurora agreed to provide a four-month air system check (beginning October 1) for a customer for $4,000. Aurora has completed the system check every month but payment has not yet been received and no entries have been made. Date Accounts and Explanation Requirement 2. The Taccounts, along with their unadjusted balances have been opened for you. Post the adjusting entries to the T-accounls. The T-aocounts, along with their unadjusted balances, if applicable, have been opened for you. Post the adjusting entries to the T-acoounts using the corresponding letters (a) through (9) as posting references. Use a "Bal." posting reference to show the ending balance of each account. Review the adjusting journal entries you prepared in Requirement 1. Cash Accounts Payable Service Revenue Dec. 31 7,300l I 3,300 Dec. 31 I 16,100 Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question. ACTG3000 Davis Online Fall 2020 Riyam Cheko & | 09/25/20 8:18 PM Test: Exam 2 (CH3-4) Time Remaining: 01:01:05 Submit Test This Question: 28 pts 4 of 20 (0 complete) This Test: 110 pts possible Question Help The unadjusted trial balance of Anniston Air Purification System at December 31, 2018, and the data needed for the adjustments follow. (Click the icon to view the trial balance.) i (Click the icon to view the adjusting entry information.) Read the requirements. Requirement 2. The T-accounts, along with their unadjusted balances have been opened for you. Post the adjusting entries to the T-accounts. The T-accounts, along with their unadjusted balances, if applicable, have been opened for you. Post the adjusting entries to the T-accounts using the corresponding letters (a) through (9) as posting references. Use a "Bal." posting reference to show the ending balance of each account Review the adjusting journal entries you prepared in Requirement 1. Cash Accounts Payable Service Revenue Dec. 31 7,300 3,300 Dec. 31 16,100 Dec. 31 Accounts Receivable Salaries Payable Salaries Expense Dec. 31 19,600 Dec. 31 3,900 Prepaid Rent Unearned Revenue Rent Expense Dec. 31 2,300 2,900 Dec. 31 Office Supplies Common Stock Depreciation Expense-Equipment Dec. 31 39 200 Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question. ? 4ACTG3000 Davis Online Fall 2020 Riyam Cheko & | 09/25/20 8:18 PM Test: Exam 2 (CH3-4) Time Remaining: 01:01:02 Submit Test This Question: 28 pts 4 of 20 (0 complete) This Test: 110 pts possible Question Help The unadjusted trial balance of Anniston Air Purification System at December 31, 2018, and the data needed for the adjustments follow. (Click the icon to view the trial balance.) i (Click the icon to view the adjusting entry information.) Read the requirements. Dec. 31 2,30 2,900 Dec. 31 Office Supplies Common Stock Depreciation Expense-Equipment Dec. 31 1,600 39,200 Dec. 31 Equipment Dividends Advertising Expense Dec. 31 19,900 Dec. 31 9,300 Dec. 31 1,700 Accumulated Depreciation-Equip Supplies Expense 4, 100 Dec. 31 Requirement 3. Prepare the adjusted trial balance. Review the T-accounts you prepared in Requirement 2. Anniston Air Purification System Choose from any list or enter any number in the input fields and then continue to the next question. ?ACTG3000 Davis Online Fall 2020 Riyam Cheko & | 09/25/20 8:18 PM Test: Exam 2 (CH3-4) Time Remaining: 01:00:59 Submit Test This Question: 28 pts 4 of 20 (0 complete) This Test: 110 pts possible Question Help The unadjusted trial balance of Anniston Air Purification System at December 31, 2018, and the data needed for the adjustments follow. (Click the icon to view the trial balance.) i (Click the icon to view the adjusting entry information.) Read the requirements. Requirement 3. Prepare the adjusted trial balance. Review the T-accounts you prepared in Requirement 2. Anniston Air Purification System Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Choose from any list or enter any number in the input fields and then continue to the next question. ?ACTG3000 Davis Online Fall 2020 Riyam Cheko & | 09/25/20 8:18 PM Test: Exam 2 (CH3-4) Time Remaining: 01:00:57 Submit Test This Question: 28 pts 4 of 20 (0 complete) This Test: 110 pts possible Question Help The unadjusted trial balance of Anniston Air Purification System at December 31, 2018, and the data needed for the adjustments follow. (Click the icon to view the trial balance.) i (Click the icon to view the adjusting entry information.) Read the requirements. Account Title Debit Credit Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Advertising Expense Supplies Expense Total Requirement 4. How will Anniston Air Purification System use the adjusted trial balance? The company will use the adjusted trial balance to Choose from any list or enter any number in the input fields and then continue to the next question. ?ACTG3000 Davis Online Fall 2020 Riyam Cheko & | 09/25/20 8:19 PM Test: Exam 2 (CH3-4) Time Remaining: 01:00:45 Submit Test This Question: 28 pts 4 of 20 (0 complete) V This Test: 110 pts possible Question Help The unadjusted trial balance of Anniston Air Purification System at December i Data Table X (Click the icon to view the trial balance.) i (Click the icon t Read the requirements. Requirement 1. Journalize the adjusting entries on December 31. (Record del December 31, 2018 Balance a. On December 15, Aurora contracted to perform services for a client receiving Account Title Debit Credit December 31, Aurora has completed $1,800 of the services. Date Accounts and Explanation Cash $ 7,300 (a) Dec. 31 Accounts Receivable 19,600 Prepaid Rent 2,300 Office Supplies 1,600 Equipment 19,900 Accumulated Depreciation-Equipment $ 4, 100 b. Aurora prepaid two months of rent on December 1. (Assume the Prepaid Re Accounts Payable 3,300 prepaid on December 1.) Accounts and Explanation Salaries Payable Date Unearned Revenue 2,900 (b) Dec. 31 Common Stock 39,200 Dividends 9,300 Service Revenue 16, 100 Salaries Expense 3,900 Rent Expense c. Aurora used $700 of office supplies. Depreciation Expense-Equipment Date Accounts and Explanation Advertising Expense 1,700 (c) Dec. 31 Supplies Expense Total $ 65,600 $ 65,600 Choose from any list or enter any number in the input fields and then con Print Done ? 1