OCTETY Once all journal entries are recorded in the practice set, record the nine adjusting journal entries below and round to the nearest cent if necessary The following are the adjusting journal entries for the month of September. Record all adjusting entries on September 30, 2017. Record Adjusting Entries: Record the following month end adjusting entries for the month of September. Write the journal entries in the practice set after the original journal entries. Round all answers to the nearest cent. $70 of office supplies remained on hand. $200 of shipping supplies remained on hand. $1,300 of wages for the part-time help from Irene's Temp Services for September should be accrued. Do not worry about payroll taxes: Temp Services inc. will handle these. Make the necessary adjusting entries for one month's depreciation for the Computer Equipment using Straight Line Depreciation. Make the necessary adjusting entry for one month's depreciation for the furniture and fixtures using Straight Line Depreciation. a. b. c. d. e. f. One month of the prepaid insurance has expired. g. One month of the prepaid rent has expired. h. Record the interest for the loan from Wells Fargo for one month i. Paid the comptroller for the sales tax. Make sure you prepare the journal entries and the adjusting entries and write them in the practice set. All T-accounts with the correct balances should be prepared. (There is an example of how to set up the T-Accounts in Excel at the end of the practice set. Make sure all accounts that were used in the Chart of Accounts are included and if they have a zero balance that you place the zero on the normal balance side.) Blackboard Instructions: When entering in the journal entries into Blackboard please follow the examples below exactly. Enter each transaction on one line. First the debit and then the credit. Do NOT enter any account names only account numbers, Use Dr for Debit and Cr for Credit with no period. Also please put the cents even if it is zero. See example below: 1. Dr 10000 $50,000.00 Cr 39003 $50,000.00 Notice that the account numbers do NOT have commas and the dollar amounts have commas and dollar signs and all dollar amounts have the cents even if it is zero. OCTETY Once all journal entries are recorded in the practice set, record the nine adjusting journal entries below and round to the nearest cent if necessary The following are the adjusting journal entries for the month of September. Record all adjusting entries on September 30, 2017. Record Adjusting Entries: Record the following month end adjusting entries for the month of September. Write the journal entries in the practice set after the original journal entries. Round all answers to the nearest cent. $70 of office supplies remained on hand. $200 of shipping supplies remained on hand. $1,300 of wages for the part-time help from Irene's Temp Services for September should be accrued. Do not worry about payroll taxes: Temp Services inc. will handle these. Make the necessary adjusting entries for one month's depreciation for the Computer Equipment using Straight Line Depreciation. Make the necessary adjusting entry for one month's depreciation for the furniture and fixtures using Straight Line Depreciation. a. b. c. d. e. f. One month of the prepaid insurance has expired. g. One month of the prepaid rent has expired. h. Record the interest for the loan from Wells Fargo for one month i. Paid the comptroller for the sales tax. Make sure you prepare the journal entries and the adjusting entries and write them in the practice set. All T-accounts with the correct balances should be prepared. (There is an example of how to set up the T-Accounts in Excel at the end of the practice set. Make sure all accounts that were used in the Chart of Accounts are included and if they have a zero balance that you place the zero on the normal balance side.) Blackboard Instructions: When entering in the journal entries into Blackboard please follow the examples below exactly. Enter each transaction on one line. First the debit and then the credit. Do NOT enter any account names only account numbers, Use Dr for Debit and Cr for Credit with no period. Also please put the cents even if it is zero. See example below: 1. Dr 10000 $50,000.00 Cr 39003 $50,000.00 Notice that the account numbers do NOT have commas and the dollar amounts have commas and dollar signs and all dollar amounts have the cents even if it is zero
