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PR 3 - 2 A Adjusting entries OB . 2 , 3 Selected account balances before adjustment for Pajajaran Realty at July 3 1 ,

PR 3-2A Adjusting entries
OB.2,3
Selected account balances before adjustment for Pajajaran Realty at July 31,2016, the end
of the current year, are as follows:
Data needed for year-end adjustments are as follows:
a. Unbilled fees at July 31, Rp11,150,000.
b. Supplies on hand at July 31, Rp 900,000.
c. Rent expired, Rp 6,000,000.
d. Depreciation of equipment during year, Rp8,950,000.
e. Unearned fees at July 31, Rp2,000,000.
f. Wages accrued but not paid at July 31, Rp4,840,000.
Instructions
Journalize the six adjusting entries required at July 31, based on the data presented.
What would be the effect on the income statement if adjustments (a) and (f) were
omitted at the end of the year?
What would be the effect on the statement of financial position if adjustments (a) and
(f) were omitted at the end of the year?
What would be the effect on the "Net increase or decrease in cash" on the statement
of cash flows if adjustments (a) and (f) were omitted at the end of the year?
PR 3-2A Adjusting entries
Selected account balances before adjustment for Pajajaran Realty at July 31,2016, the end
of the current year, are as follows:
Data needed for year-end adjustments are as follows:
a. Unbilled fees at July 31, Rp11,150,000.
b. Supplies on hand at July 31, Rp 900,000.
c. Rent expired, Rp 6,000,000.
d. Depreciation of equipment during year, Rp8,950,000.
e. Unearned fees at July 31, Rp2,000,000.
f. Wages accrued but not paid at July 31, Rp4,840,000.
Instructions
Journalize the six adjusting entries required at July 31, based on the data presented.
What would be the effect on the income statement if adjustments (a) and (f) were
omitted at the end of the year?
What would be the effect on the statement of financial position if adjustments (a) and
(f) were omitted at the end of the year?
What would be the effect on the "Net increase or decrease in cash" on the statement
of cash flows if adjustments (a) and (f) were omitted at the end of the year?
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