M: -ded on July 31, 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Requirements X xplanation 1. Journalize the adjusting entries needed on July 31, 2018. 2. Suppose the adjustments made in Requirement 1 were not made. Compute the overall overstatement or understatement of net income as a result of the omission of these adjustments. abits an asset aco Print Done xplanation input fields and then continue to the next question. OCT ed on July 31, 2018. (Recor try table.) More Info planation a. Depreciation, $400. b. Prepaid rent expires, $100. c. Interest expense accrued, $900. d. Employee salaries owed for Monday through Thursday of a five-day workweek; weekly payroll, $17,000. e. Unearned revenue earned, $800. f. Office supplies used, $200. ts an asset account when lanation Print Done ut fields and then continue to the next question. Click the icon to view the data) Read the requirements Requirement 1. Journalize the adjusting entries needed on July 31, 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Depreciation, $400 Date Accounts and Explanation Debit Credit (a) Jul 31 b. Prepaid rent expires, $100. (Assume that EBM debits an asset account when rent is paid in advance.) Date Accounts and Explanation Debit Credit (b) Jul 31 Choose from any list or enter any number in the input fields and then continue to the next question stv esc 30 888 OD F3 F4 FS 17 & Read the requirements. b. Prepaid rent expires, $100. (Assume that EBM debits an asset account when rent is paid in advance.) Date Accounts and Explanation Debit Credit (b) Jul. 31 c. Interest expense accrued, $900. Date Accounts and Explanation Debit Credit (c) Jul 31 Choose from any list or enter any number in the input fields and then continue to the next question. etv S par Read the requirements c. Interest expense accrued, $900. Date Accounts and Explanation Debit Credit (c) Jul 31 d. Employee salaries owed for Monday through Thursday of a five-day workweek, weekly payroll, $17,000. Date Accounts and Explanation Debit Credit (d) Jul. 31 RAHA- Choose from any list or enter any number in the input fields and then continue to the next question. SO tv i (Click the icon to view the data.) Read the requirements. d. Employee salaries owed for Monday through Thursday of a five-day workweek: weekly payroll, $17,000. Date Accounts and Explanation Debit Credit (d) Jul. 31 e. Unearned revenue eamed, $800. (When the cash was received, assume that a liability account was credited) Date Accounts and Explanation Debit Credit (e) Jul 31 Choose from any list or enter any number in the input fields and then continue to the next question. . ty Read the requirements e. Unearned revenue earned, $800. (When the cash was received, assume that a liability account was credited.) Date Accounts and Explanation Debit Credit (e) Jul. 31 f. Office supplies used, $200. (Assume that EBM debits an asset account when supplies are purchased.) Date Accounts and Explanation Debit Credit (1) Jul 31 Choose from any list or enter any number in the input fields and then continue to the next question. OCT 7 E tv y Jury, are given to EUM Click the icon to view the data) Read the requirements (0) Jul 31 1. Office supplies used, $200. Assume that EBM debits an asset account when supplies are purchased) Date Accounts and Explanation Debit Credit 1) Jul 31 Requirement 2. Suppose the adjustments made in Requirement were not made. Compute the overall overstatement or understatement of net income as a result of the omission of these adjustments Net income would be by s Choose from any list or for any number in the input fields and then continue to the next
