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Online Homework Basic accounting - knowledge of Adjusting Entry requirements Problems are with salary and unearned fees Not understanding how to set up problems Question
Online Homework Basic accounting - knowledge of Adjusting Entry requirements
Problems are with salary and unearned fees
Not understanding how to set up problems
Question 1 Adjustment for accrued expense. Johnson Corp. pays salaries of 14,375 on Monday for a six day workweek ending the preceding Saturday. Adjusting entry at the end of the accounting period, assuming the period ends on Friday. Round to whole dollar. Journalize Salaries Expense ? Salaries Payable ? Question 2 Adjustment for unearned revenue. June 1, 2017, the LifeTea company received 41,700 for the rent of land for 12 months. Adjusting entry for unearned rent on December 31, 2017. Round to dollar amount. December 31. Unearned Rent ? Rent Revenue ? Any notes on how answer is obtained is helpful. ThanksStep by Step Solution
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