need t account for question a-e
C G Prepare the T-Accounts Required: 2. Prepare T-accounts for the accounts affected by the adjusting entries, and post the adjusting entries. Determine the adjusted balances for the Unearned Services Revenue and the Prepaid Insurance accounts. Wages Expense Wages Payable Depreciation Expense-Equipment Accumulated Depreciation-Equipment Dont forget TIPS for Solutions Adjusting Journal Entries Prepare T Accounts Effects of Adjusting Entrie Type here to search o e ED 3 EV BE Ruler Formula Bar New 1 Options Gridlines Headings Normal Page Break Page Custom Preview Layout Views Workbook Views Zoom 100% Zoom to Selection New Arrange Window AH heet View Show Zoom H Unearned Services Revenue Services Revenue Insurance Expense Prepaid Insurance Accounts Receivable Don't forget TIPS for Solution Adjusting lournal Entries Prepare T Accounts Effects of Adjusting Entries Type here to search o + e Exit New Options Gridlines Headings Nome Page Break Page Custom Preview Layout Views Workbook Views Zoom 100% Zoop Selec Sheet View Show Zoom Xo Being insurance not billed earlier now recorded in th book D (a) Dec, 31 2017 E G 8750/5=1750 debit 1756 Credit 1750 (b) Depreciation To Accumulated Depreciation Debit 4000 Credit 4000 (c) Unearned service revenue To revenue recognized debit 100000 Credit 100000 31dec 2017 - 120000/24*20-100000 (d) To Prepaid Insurance Debit 600 Credit 600 being insurance prepaid for 12 months will be adjusted as expense for 4 months till 31 dec 2017-1800/124 (e) Account Recievables To Revenue Being insurance not titled earlier now recorded in th book Debit 7000 Credit 7000 Don't forget TIPS for Solutions Adjusting Journal Entries Prepare T-accounts Effects of Adjusting Type here to search o e . R Lackground: The following information relates to Fanning's the tronk on December 11, 2017. The comply with the talendar years and reporting period Initially records prepared and uneared items in balance sheet accounts assets and Sabilities, respective a. The company's weekly payroll $4,7963, podendo a day wortweek Boxe December 11, 2017, talk on Monday, not the employees will not be paid the waters until Friday, tumary, 2018 hiertoen months the only 1, 2016. The company demost that is $20.000 werdeed to be twym w we mets expected to be the best value On October 1, 2017, the company reed to work on a new housing development. The company nad 120.000 an Otober in advance of future from me The $120,000 acredited to the red services October and the war.com d. De september 1, 2017, the company purchased a 12 burace pobyt 1. The transaction with 100 bit op de c. on December 22017, the company completed a 5,000 woc Hur man met been head on continuat bacarlber 31, 2017 Hered 1. Prepare any necessary adjusting journal entries in December 1, 2017, pelation to and though de a woment A Deci 1 10 D TO Ating ournal 13 O - 2 a
