Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help Accounting Training Corporation Unadjusted Trial Balance 30-Jun-22 Debit $ 112,000 28,000 182,000 2,800 428,000 72,000 350,000 168,000 7,600 $ 1,350,400 Accounts Cash Accounts

please help
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Accounting Training Corporation Unadjusted Trial Balance 30-Jun-22 Debit $ 112,000 28,000 182,000 2,800 428,000 72,000 350,000 168,000 7,600 $ 1,350,400 Accounts Cash Accounts receivable Prepaid rent Supplies Equipment Accumulated depreciation: Equipment Accounts payable Deferred training revenue Notes payable Retained earnings Common shares Training revenue Salaries expense Rent expense Other expenses Totals Credit $164,000 5,400 19,600 160,000 451,400 550,000 $ 1,350,400 REQUIRED: Using the following additional information, record the adjusting entries at June 30, 2022 in the spaces provided below. Note: Round to the nearest dollar, if necessary. Input the account name after the Dr. or Cr. and input the dollar amount after the S sign provided. You may enter dollar amounts as 10,000 or 10000. Question 24 (1 point) Saved 4) Listen On June 5, 2022, cash of $90,000 was received for 2022/2023 training session for sessions to begin in January 2023. This amount is included in the Training revenue balance. A $ Dr. A/ $ Cr. Question 25 (1 point) Listen Accrued salaries of $60,000 had not been recorded at year end. A $ A/ Dr. A $ A/ Cr. Question 26 (2 points) Listen At year end, a count of supplies showed $1,100 of supplies on hand. Dr. A $ A/ N Cr. A $ Question 27 (1 point) 4) Listen Interest of $2,800 had not been recorded regarding the notes payable. Dr. A $ A/ Cr. A $ A Question 28 (2 points) 40 Listen The prepaid rent of $182,000 was paid on February 1, 2022 and begins on that date. It represents 7 months of rent. A Dr. A $ Cr. Question 29 (1 point) Listen Annual depreciation for the equipment was calculated as $52,000 per year that had not yet been recorded. N A $ Dr. A $ Cr. A/ W Question 29 (1 point) 40 Listen Annual depreciation for the equipment was calculated as $52,000 per year that had not yet been recorded. A A $ Dr. A $ Cr. Question 30 (2 points) Listen A review of the deferred training revenue account at year end showed that included in the balance was $12,600 that had not yet been earned. E Dr. A $ A/ Cr. A

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental Auditing For The Non Specialist The CHGL Series On The Environment

Authors: Chris Hoggart

1st Edition

1902423704, 978-1902423708

More Books

Students also viewed these Accounting questions