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please solve for J Emily Consultants Company has a fiscal year ending December 31. For each of the following independent situations, indicate the journal entry
please solve for J
Emily Consultants Company has a fiscal year ending December 31. For each of the following independent situations, indicate the journal entry by selecting the appropriate account descriptions and enter the amount(s). The first transaction is used as an example. Depreciation expense for the year, $1,190. Eamed all but 5900 of (e) by the end of the year. Sold $3,900 in investments at a gain of $340 Interest on $14,500,8 percent note payable (borrowed on Octaber 1 of this year), not yet lcorded or paid at year end. Indicate the dosing entry based on balances at year-end in the following accounts: 1. Service revenus, 5206,000 I. Intarest rovenue, 5130 1. Gain on sale of imvestments. $40 1. Wape expense, 5149,000 1. Deprociation expense. 51,190 1. Interest expense. $290 L Supples expense, $240 I. Oividends payable, $1,090 I income tax uxpente, 53,000 Edit - Resplratory... Emily Consultants Company has a fiscal year ending December 31. For each of the following independent situations, indicate the journal entry by selecting the appropriate account descriptions and enter the amount(s). The first transaction is used as an example. Depreciation expense for the year, $1,190. Eamed all but 5900 of (e) by the end of the year. Sold $3,900 in investments at a gain of $340 Interest on $14,500,8 percent note payable (borrowed on Octaber 1 of this year), not yet lcorded or paid at year end. Indicate the dosing entry based on balances at year-end in the following accounts: 1. Service revenus, 5206,000 I. Intarest rovenue, 5130 1. Gain on sale of imvestments. $40 1. Wape expense, 5149,000 1. Deprociation expense. 51,190 1. Interest expense. $290 L Supples expense, $240 I. Oividends payable, $1,090 I income tax uxpente, 53,000 Edit - ResplratoryStep by Step Solution
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