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please fill the tables according to the first picture More info a. Business receives $2,000 on January 1 for 10 -month service contract for the
please fill the tables according to the first picture
More info a. Business receives $2,000 on January 1 for 10 -month service contract for the period January 1 through October 31. (Assume services are performed evenly each month throughout the term of the contract.) b. Total salaries for all employees is $2,000 per month. Employees are paid on the 1 st and 15 th of the month. c. Work performed but not yet billed to customers for the month is $1,600. d. The company pays interest on its $12,000,9% note payable of $90 on the first day of each month. Consider the folowing situations. [1.)(Click the icon to viow the situations.) Assume the company records adjusting entries menthly Journalizn the adjusting entivs needed as of January 31. (Record dobis first, thon credts. Solect the explana6on on the last fine of the pournal entry table) a. Business receives $2,000 on January 1 foe 10-month senice contract for the pediod January 1 threugh October 31 . (Whan the cash was rocelved on Jaruary 1 , ascame that a Habilty account was crediled Assiume services are performed event) each montes throvghogit the form of the contract Step by Step Solution
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