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please can i have some explaination about thr questions that are in yellow We see the following Unadjusted Trial Balance for Southwest Airlines as of
please can i have some explaination about thr questions that are in yellow
We see the following Unadjusted Trial Balance for Southwest Airlines as of October 31". Use this information for the following necessary adjusting entries. The date for all the entries will be 10/31/21. You may omit the Account Numbers and the Descriptions Credit Balance Debit Balance 10,000 70,000 200,000 10,000 10.000 3.200 Cash Accounts Receivable Equipment Accum. Depreciation Equipment Prepaid Rent Supplies Wages Payable Accounts Payable Unearned Fees Retained Earnings Common Stock Dividends Ticket Fees Eamed Baggage Fees Earned Wages Expense Rent Expense Depreciation Expense Supplies Expense Totals 5,000 1,000 8,000 107.900 100,000 2.000 125,000 40.000 100.000 1.000 500 200 396,900 396,900 21: (4 points). Depreciation on Equipment during the year was $2,000. 22: (4 Points). Wages accrued by not paid at the end of the month should be $8,000. 23: (4 Points). Unearned ticket fees at the end of the month should be $2,000. 24: (4 Points). Supplies used up for the month are $1,000. 25: (4 Points). Additional Baggage Fees that we earned during the month but have not billed/ received yet are $7,500. 26: (2 Points). After we post the adjusting entries, what would our Adjusted Balance in the Cash Account? 27: (4 Points). After we post the adjusting entries, what would the Net Book Value of the Equipment above be? 28; (2 Paine Step by Step Solution
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