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please show work to understand thank you The transactions for Conway Floor Covering Inc. for the year 2000 have been recorded in the accounting system.
please show work to understand thank you
The transactions for Conway Floor Covering Inc. for the year 2000 have been recorded in the accounting system. This assignment requires you to record the adjusting entries for December 2000. Performed services for a client for $850. The customer will be billed in Dec. 31 January Dec. 31 Accrued employee wages of $950 for December will be paid in January. Dec. 31 On November 1, 2000, Comfort Furniture paid $2,400 as rent for a three month period. Two Months has expired. This had been recorded as prepaid rent. Dec. 31 Services were provided to a customer for $450. The cash was collected in advance on November 28, 2000. At year end it has been earned. Dec. 31 On January 1, 2000, Comfort Furniture purchased a computer for $2,400. The estimated useful life of the computer is 4 years. Record the depreciation of $600. Dec. 31 Office supplies used for the year amounted to $1,500. Dec. 31 Accrued interest as of 12/31 19 was $2,900, DATE ACCOUNT DEBIT CREDIT 2000Step by Step Solution
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