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Old MathJax webview Make the adjusting entries for the month end using general journal form. Include explanation which accounts you debit and credit and why?
Old MathJax webview
Make the adjusting entries for the month end using general journal form. Include explanation which accounts you debit and credit and why? I have posted this question already but the answe was not right. please answer only if you know the right answer
these are accounts given
The following are General Journal Entries for the month-end adjustments On the Menu select - Company Make General Journal Entries - SD40: Memo #10 Dated February 28, 2021 From Partners: Complete adjusting entries for one month of depreciation: Computer equipment $280.00 Salon 830.00 Salon Equipment 45.00 Salon Furniture 185.00 SD41: Memo #11 Dated February 28, 2021 From Partners: Complete adjusting entries for supplies used during February: Cosmetics supplies $340.00 Hair care supplies 112.00 Office and computer supplies 59.00 SD42: Memo #12 Dated February 28, 2021 From Partners: Complete adjusting entry for prepaid expenses expired: Insurance $1,050.00 SD43: Bank Debit Memo DM-58284 Dated February 28, 2021 From Capital Bank: Authorized withdrawals from Bank Chequing account for service charges and loan payments. Create a new Expense account: Bank Charges. Monthly Bank Service Charges $42.00 Mortgage ($1,000 principal; $150 interest) 1,150.00 Long-Term Loan ($700 principal; $200 interest) 900.00 SD44: Bank Credit Memo CM-204552 Dated February 28, 2021 From Capital Bank: Interest earned on bank deposits. (Revenue from Interest) Chequing account $10.00 Savings account 29.00 Bank Bank Accounts Receivable Other Current Asset Other Current Asset Other Current Asset Bank Chequing Bank Savings Accounts Receivable Cosmetics Supplies Hair Care Supplies Imaging Software Office and Computer Supplies Prepaid Insurance Undeposited Funds Computer Equipment Cost Depreciation Other Other Current Asset Other Current Asset Other Current Asset Fixed Asset Fixed Asset Fixed Asset Fixed Asset Salon Fixed Asset Cost Fixed Asset Fixed Asset Depreciation Salon Equipment Fixed Asset Cost Fixed Asset ho Fixed Asset Accounts Payable Other Current Liability Other Current Liability Long Term Liability Long Term Liability Equity Equity Equity Equity Equity Equity Equity Income Income Depreciation Accounts Payable Bank Loan GST/HST Payable Long Term Loan Mortgage Payable Capital, Dhaibhen Mehta Capital, Kiera O'Sullivan Capital, Malin Andersson Drawings, Dhaibhen Mehta Drawings, Kiera O'Sullivan Drawings, Malin Andersson Retained Earnings Other Revenue Returned Cheque Charges Revenue from Interest Revenue from Services Advertising and Promotion Bank Charges Bank Service Charges Depreciation Expense General Expense Insurance Expense Interest Expense Maintenance and Cleaning Other Supplies Used Salon Supplies Used Stroage Fees Telephone Expense Travel/Vehicle Expenses Income Income Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense Expense ExpenseStep by Step Solution
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