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please help with general journal and impact on income. Check my work GL0302 (Algo) - Based on Problem 3-3A LO P1, P2, P3, P4, P5

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Check my work GL0302 (Algo) - Based on Problem 3-3A LO P1, P2, P3, P4, P5 Strods Technical Institute (STI), a school owned by Anita Strods, provides training to individuals who pay tuition directly to the school. STI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2020, is found on the trial balance tab. STI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow. a. An analysis of STI's Insurance policies shows that $2,900 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,920 are available at year-end. c. Annual depreciation on the equipment is $4,000. d. Annual depreciation on the professional library is $7,400. e. On November 1, STI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $3,000, and the client paid the first five months' fees in advance. When the cash was received, the Unearned revenue account was credited f. On October 15, STI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $3,000 of the tuition revenue has been earned by STI. 9. STI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $160 per day for each h. The balance in the Prepaid Rent account represents rent for December. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net Income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down.) 5 Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Income 8.75 polets For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net Income before adjustments can be found on the income statement tab. (Hint: Select unadjusted in the drop-down.) Show less Impact on net Income (2.900 (3,920) OO (4.000) Adjusted Account affecting the Adjusting entry related to Income statement Balance Sheet Insurance insurance expense repaid insurance b. Teaching supplies Coaching supplies expense Teaching supplies G. Depreciation - Depreciation expense Accumulated depreciation equipment Eguint Equipment d. Depreciation - library Depreciation expense Accumulated depreciation a library Professional library # Traning teen Uneamed revenue Training revenue 1. Tuition Uneamed revenue Tuition revenue Salaries Salaries expense salaries payable Rent Ment expense Prepaid rent Total impact on income due to adjustments Net income before adjustments Net income after adjustments Had the adjustments not been prepared, income would have been overstated by ololololololo 17,400) 6,000 3.000 640 X S (6.580) 9,640 1.080 809.43% $ do Crow CALL Check my work GL0302 (Algo) - Based on Problem 3-3A LO P1, P2, P3, P4, P5 Strods Technical Institute (STI), a school owned by Anita Strods, provides training to individuals who pay tuition directly to the school. STI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2020, is found on the trial balance tab. STI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow. a. An analysis of STI's Insurance policies shows that $2,900 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,920 are available at year-end. c. Annual depreciation on the equipment is $4,000. d. Annual depreciation on the professional library is $7,400. e. On November 1, STI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $3,000, and the client paid the first five months' fees in advance. When the cash was received, the Unearned revenue account was credited f. On October 15, STI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $3,000 of the tuition revenue has been earned by STI. 9. STI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $160 per day for each h. The balance in the Prepaid Rent account represents rent for December. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net Income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down.) 5 Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Income 8.75 polets For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net Income before adjustments can be found on the income statement tab. (Hint: Select unadjusted in the drop-down.) Show less Impact on net Income (2.900 (3,920) OO (4.000) Adjusted Account affecting the Adjusting entry related to Income statement Balance Sheet Insurance insurance expense repaid insurance b. Teaching supplies Coaching supplies expense Teaching supplies G. Depreciation - Depreciation expense Accumulated depreciation equipment Eguint Equipment d. Depreciation - library Depreciation expense Accumulated depreciation a library Professional library # Traning teen Uneamed revenue Training revenue 1. Tuition Uneamed revenue Tuition revenue Salaries Salaries expense salaries payable Rent Ment expense Prepaid rent Total impact on income due to adjustments Net income before adjustments Net income after adjustments Had the adjustments not been prepared, income would have been overstated by ololololololo 17,400) 6,000 3.000 640 X S (6.580) 9,640 1.080 809.43% $ do Crow CALL

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