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Mr. Allan Khera operates an advertising business called Ball Advertising. He had the following adjustments for the month of April 2016 Apr 30 Recognized $2,230
Mr. Allan Khera operates an advertising business called Ball Advertising. He had the following adjustments for the month of April 2016 Apr 30 Recognized $2,230 insurance expense used for the month Apr 30 An annual magazine subsenption was prepaid on April 1, 2016 for $1,000. By April 30, one issue had been received Apr 30 Depreciation for the month is $1,400 Apr 30 salaries for employees have accrued by $3,970 by the end of the month A 30-day contract was started on April 15. The customer will pay $9,950 at the end of the contract in May Half of the Apr 30 contract was completed by the end of the month. Accrue the revenue eamed by the end of April. Prepare the journal entries for the above transactions Do not enter dollar signs or commas in the input boxes Round your answers to the nearest whole number Debit Credit Date Account Title and Explanation 2016 Apr 30 To record insurance expense for the month Apr 30 To record one month of subscriptions Apr 30 To record depreciation for the month Apr 30 To accrue salaries Apr 30
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