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Please help with the adjusting entries!!!!! (NOT THE JOURNAL ENTRIES ONLY ADJUSTING) Journal entries they're related to: Adjusting Entry #1: Computer Doctor purchased one year's

Please help with the adjusting entries!!!!! (NOT THE JOURNAL ENTRIES ONLY ADJUSTING)

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Journal entries they're related to:

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Adjusting Entry #1: Computer Doctor purchased one year's worth of insurance coverage on January 01, 2016. This Prepaid Expense asset must be adjusted to properly reflect the expiration of one month's insurance. Make the entry to reflect this adjustment: 16 Adjusting Entry #2: Office Equipment contributed to the business by Ryan must be depreciated. It has been determined that the office equipment has an expected useful life of 7 years with a $1,000 salvage value, and it will be depreciated using the straight-line method: Adjusting Entry #3: Computer Equipment purchased by Computer Doctor must be depreciated. It has been determined that the computer equipment has an expected useful life of 5 years with no salvage value, and it will be depreciated using the straight-line method: Adjusting Entry #4: Ryan made an adjusting entry on January 31, 2018 for the increase in income taxes based on the tax rate in use and the amount of pre-tax net income at the end of the month after the above three adjusting entries have been entered. Hint: This amount will appear on the income statement. On the balance sheet, change Cell D18 to ='Adjusting Journal!!G21. The financial statements should now be updated as of the end of the period, and should look as follows: Journal Entry #1 Now, we will enter the following general journal entry to create and provide the initial funding for our business, Computer Doctor: Ryan starts Computer Doctor on January 01, 2018 by contributing $19,000 cash and office equipment valued at $15,000. (Office Equipment has an expected useful life of 7 years with a $1,000 salvage value. It will be depreciated using straight-line depreciation) Journal Entry #2 On January 01, Ryan pays $12,000 for one year's worth of business insurance: Journal Entry #3 On January 03, Ryan purchases computer diagnostic equipment for $10,000 on account. The equipment has an expected 5-year life with no expected salvage value. Ryan will depreciate the equipment using straight-line depreciation: Journal Entry #4 On January 07, Ryan performs computer repair services and collects $8,000 cash: Journal Entry #5 On January 10, Ryan purchases office supplies for $3,000 cash: Journal Entry #6 On January 15, Ryan makes a $2,000 payment towards his computer equipment purchase on January 03: Journal Entry #7 On January 17, Ryan performs additional computer repair services and earns $10,500 cash: Journal Entry #8 On January 22, Ryan purchases $500 in office supplies on account: Journal Entry #9 On January 26, Ryan decides to increase his cash balance, and takes out a 6-month note at a local bank for $10,000 cash: Journal Entry #10 On January 31, Ryan pays himself a cash dividend for $5,000

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