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On Dec. 31, Cruiser's Boat Supply made adjusting entries according to the following information. (3*4=12') 1) In December, Cruiser's Boat has delivered $5,000 of boats
On Dec. 31, Cruiser's Boat Supply made adjusting entries according to the following information. (3*4=12') 1) In December, Cruiser's Boat has delivered $5,000 of boats to its customer Costco, who prepaid 10,000 of cash in November. The cost of those boat, $2,000. 2) The salaries of Cruiser's Boat to its employees of December, $5,000 will be paid in next month. 3) Depreciation of equipment for the month, $ 200 4) Office rent which as prepaid on December 16 should be recorded for December, 2015
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