(must provide work)
Envirocan Resources repairs adjusting entries monthly. In reveiwing the accouts on March 31, Envirocan Resources discovered the following:
Journal entry worksheet Record the accrued commissions. Note: Enter debits before credits. Journal entry worksheet Nobe: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Subsequent cash entries Journal entry worksheet 5 Record the payment of accrued interest. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credita. Journal entry worksheet Record the payment of accrued commissions. Note: Enber debits before credits. Journal entry worksheet 1 Requirea: Using the information provided above, prepare the monthly adjusting joumal entries at March 31 along with the appropriate subsequent cash entries. Adjusting journal entries Journal entry worksheet Record the accrued interest. Notes Enter debita before credita. Journal entry worksheet Record the payment of rent for 6 months. Note: Enter debits before credits. Envirocan Resources prepares adjusting entries monthly In reviewing the occounts on March 31, Envirocan Resources discovered the following: Q. Interest of $1,210 hod occrued on the note payable as at March 31, ht is to be paid on April 2 b. Unpaid and unrecorded salaries ot Morch 31 totalled \$32,250. The \$32,250 plus solaries of \$21,300 for the first four doys of April were poid on April 4 c. The Morch telephone bill for $380 is unpaid and unrecorded ot March 31. It is to be paid on April 15 d. Envirocan normally pays rent in three-month installments. At Morch 31 , rent of $3.600 per month had not been pold for Februory, Morch, or April. Rent of $3,600 was correctly accrued at the end of February. The balance owing plus rent for May, June, and July was poid on April 26. e. Envirocan poys commissions to the technicians at the rate of 5% of services performed. During March, total services pertormed were $350,000. Commissions are unrecorded and unpaid at March 31. Commissions ore pald on the 15th of the following month Journal entry worksheet Note: Enter debits before credits