Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help with journal entrys and solutions REQUIRED: PREPARE THE APPROPRIATE ADJUSTING JOURNAL ENTRY UNDER EACH OF THE FOLLOWING SITUATIONS: WILSON PAIO 54.000 ON OCTOBER

image text in transcribed
need help with journal entrys and solutions
REQUIRED: PREPARE THE APPROPRIATE ADJUSTING JOURNAL ENTRY UNDER EACH OF THE FOLLOWING SITUATIONS: WILSON PAIO 54.000 ON OCTOBER 1ST FOR S MONTHS OF RENT (OCT THRU FEB. THE BOOKKEEPER DEBITED PREPAID RENT IN THE AMOUNT OF 14,000 RECORD THE ADJUSTING JOURNAL ENTRY AT DECEMBER 31ST. POINTS) THOMAS PAID 57,200 ON NOVEMBER 1ST FOR 6 MONTHS OF RENT (NOV TORU APR THE BOOKKEEPER DEBITED RENT EXPENSE IN THE AMOUNT OF 37,200 RECORD THE ADJUSTING JOURNAL ENTRY AT DECEMBER 31ST IS POINTS) 2 N DALLAS RECEIVED 59,000 ON NOVEMBER 18TH FROM A CUENT FOR SERVICES TO BE PROVIDED AT A LATER DATE THE BOOKKEEPER CREDITED UNEARNED REVENUE IN THE AMOUNT OF $9.000. THE SERVICES WERE PROVIDED ON DECEMBER 20TH. RECORD THE ADJUSTING JOURNAL ENTRY AT DECEMBER 31ST. (5 POINTS) NO WENDY RECEMED $3,800 ON DECEMBER 18TH FROM A CLIENT FOR SERVICES TO BE PROVIDED AT A LATER DATE THE BOOKKEEPER CREDITED REVENUE IN THE AMOUNT OF $3,800. THE SERVICES HAVE NOT BEEN PROVIDED AS OF DECEMBER 31ST RECORD THE ADJUSTING JOURNAL ENTRYAT DECEMBER 31ST(S POINTS)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Transfer Pricing Audits In China

Authors: J. Li, A. Paisey

2007th Edition

0230001963, 978-0230001961

More Books

Students also viewed these Accounting questions