Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Post the adjusting entries. (Post entries in the order of journal entries presented in the previous part.) Additional information: 1. ( $ 400 ) of

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Post the adjusting entries. (Post entries in the order of journal entries presented in the previous part.) Additional information: 1. \\( \\$ 400 \\) of the unearned revenue is to be recognized because the related gardening services have been provided by April 30 , 2. The equipment has an estimated useful life of eight years. 3. Interest on the note payable is due on the first day of each month for the previous month's interest. The note payable has a \6 annual interest rate. The unadiusted trial balance for Pharoah Designs at its year end, April 30, 2024, is as follows: Question 2 of 5 Cash Accounts receivable Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Notes payable Unearned revenue T. Davis, capital T. Davis, drawings Service revenue Salaries expense Interest expense Depreciation expense Debit Credit \\[ \\begin{array}{r} \\$ 12,000 \\\\ 8,900 \\\\ 5,100 \\\\ 23,040 \\end{array} \\] \\[ 4,100 \\] \\[ 15,000 \\]

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

Edi Audit And Control

Authors: I. Walden, A. Braganza

3rd Edition

1855542080, 978-1855542082

More Books

Students also viewed these Accounting questions