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PLEASE ANSWER IN THE FORMAT OF THE BLUE BOXES UNDER EACH CATEGLORY Thanks! Using the following information, prepare the accounting adjustments necessary on July 31
PLEASE ANSWER IN THE FORMAT OF THE BLUE BOXES UNDER EACH CATEGLORY
Thanks!
Using the following information, prepare the accounting adjustments necessary on July 31 using the financial statement effects template. a. On July 1 , the firm paid one year's rent of $4,140 in cash. b. On July 1,$378 cash was paid to the local newspaper for an advertisement to run daily for the months of July, August, and September. c. Supplies still available at July 31 total $660. e. In early July, a customer paid $360 in advance for a refinishing project. At July 31 , the project is one-half complete. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. Using the following information, prepare the accounting adjustments necessary on July 31 using the financial statement effects template. a. On July 1 , the firm paid one year's rent of $4,140 in cash. b. On July 1,$378 cash was paid to the local newspaper for an advertisement to run daily for the months of July, August, and September. c. Supplies still available at July 31 total $660. e. In early July, a customer paid $360 in advance for a refinishing project. At July 31 , the project is one-half complete. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amountStep by Step Solution
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