Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Old MathJax webview n 1) - Lyryx Learning Inc Google Chrome udent-servlets/Lab Serviet?cid=11209 Inc is just finishing another year of operations. The company's unadjusted trial

Old MathJax webview

image text in transcribed

n 1) - Lyryx Learning Inc Google Chrome udent-servlets/Lab Serviet?cid=11209 Inc is just finishing another year of operations. The company's unadjusted trial balance at October 31, 2014 is shown below The following additional information is per 31 for the year just ended -10 000 have been earned by Stake Technology Inc 's employees but have not yet been paid $290 on notes receivable is unrecorded and unpaid f the unadjusted balance in the supplies account shows a balance on hand at the end of the year of S500 1 paid to Stake Technology Inc in advance S250 has been earned mated yearly depreciation on the building is $700 pment was purchased in a previous year and will be worthless after four years ng work performed but unrecorded at the end of the year totalled $10 000 niture was purchased in a previous year and will be sold for $750 after being used for ten years mation to prepare adjusting entries at October 31 2014 based on the above Enter the adjustment letter as the description The dates must be entered in the format 15/Jan) General Journal Account/Explanation Page GJS F Debit Credit Date Stake Technology Inc Unadjusted Trial Balance October 31 2014 Debit Credit s Payable 350 as Receivable ulated Depreciation Building 8.700 ulated Depreciation Equipment 7100 muiated Depreciation Furniture 3225 ng 30 500 e Capital 139,000 134 175 ullinn Reynue Eamed 13.400 n 1) - Lyryx Learning Inc Google Chrome udent-servlets/Lab Serviet?cid=11209 Inc is just finishing another year of operations. The company's unadjusted trial balance at October 31, 2014 is shown below The following additional information is per 31 for the year just ended -10 000 have been earned by Stake Technology Inc 's employees but have not yet been paid $290 on notes receivable is unrecorded and unpaid f the unadjusted balance in the supplies account shows a balance on hand at the end of the year of S500 1 paid to Stake Technology Inc in advance S250 has been earned mated yearly depreciation on the building is $700 pment was purchased in a previous year and will be worthless after four years ng work performed but unrecorded at the end of the year totalled $10 000 niture was purchased in a previous year and will be sold for $750 after being used for ten years mation to prepare adjusting entries at October 31 2014 based on the above Enter the adjustment letter as the description The dates must be entered in the format 15/Jan) General Journal Account/Explanation Page GJS F Debit Credit Date Stake Technology Inc Unadjusted Trial Balance October 31 2014 Debit Credit s Payable 350 as Receivable ulated Depreciation Building 8.700 ulated Depreciation Equipment 7100 muiated Depreciation Furniture 3225 ng 30 500 e Capital 139,000 134 175 ullinn Reynue Eamed 13.400

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

Comparative International Accounting

Authors: Christopher Nobes, R. H. Parker

6th Edition

0273646028, 978-0273646020

More Books

Students also viewed these Accounting questions

Question

Explain the use of the employment interview.

Answered: 1 week ago

Question

Identify environmental factors that affect the selection process.

Answered: 1 week ago