On Lam.Com lunchthA252F%252Fm meducation.com 2526 midder.252Fproduct Window.tv Who The Home Depot Yandex.ME The Google bi se Ch 3 2 Exercise 3-8A Record year-end adjusting entries (L03-3) Consider the following transactions for Huskies Insurance Company 1. Equipment costing $42.000 is purchased at the beginning of the year for cash. Depreciation on the equipment is $7,000 per year. 2. On June 30, the company lends its chief financial officer $50,000: principal and interest at 7% are due in one year 3. On October 1, the company receives $16,000 from a customer for a one-year property insurance policy. Deferred Revenue is credited. w Required: For each item, record the necessary adjusting entry for Huskies Insurance at its year-end of December 31 No adjusting entries were made during the year. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transactions Journal entry worksheet LAC Cha Yone The Hot Yout Translate Google bin Maps Bongo HW Ch 30 2 Exercise 3-8A Record year-end adjusting entries (LO3-3) 074 DO Consider the following transactions for Huskles Insurance Company, 1. Equipment costing $42,000 is purchased at the beginning of the year for cash. Depreciation on the equipment is $7,000 per year. 2. On June 30, the company lends its chief financial officer $50,000; principal and interest at 7% are due in one year 3. on October 1, the company receives $16,000 from a customer for a one-year property insurance policy Deferred Revenue is credited. Hre Required: For each item, record the necessary adjusting entry for Huskies Insurance at its year-end of December 31 No adjusting entries were made during the year (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Do not round Intermediate calculations.) fo View traction lit Journal entry worksheet 2 3 | The Home Deportes A.com. IRC Cheap HW Ch 3 3 Exercise 3-10A Record year-end adjusting entries (LO3-3) 0.94 Consider the following situations for Shocker: 1. On November 28, 2021. Shocker receives a $4.500 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited, 2. On December 1, 2021, the company pays a local radio station $2,700 for 30 radio ads that were to be alred. 10 per month, throughout December, January, and February. Prepaid Advertising is debited. 3. Employee salaries for the month of December totaling $8,000 will be paid on January 7, 2022 4. On August 31, 2021, Shocker borrows $70,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2022. 40 o Required: Record the necessary adjusting entries for Shocker at December 31, 2021. No adjusting entries were made during the year. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round Intermediate calculations.) View at Journal entry worksheet 2 3 4 > Shecker 4,500 paytrent from a customer Exercise 3-10A Record year-end adjusting entries (L03-3) Consider the following situations for Shocker: 1. On November 28, 2021, Shocker receives a $4,500 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited. 2. On December 1, 2021, the company pays a local radio station $2,700 for 30 radio ads that were to be alred, 10 per month, throughout December, January, and February. Prepaid Advertising is debited. 3. Employee salaries for the month of December totaling $8,000 will be paid on January 7, 2022. 4. On August 31, 2021, Shocker borrows $70,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2022. 1 1 Required: Record the necessary adjusting entries for Shocker at December 31, 2021. No adjusting entries were made during the year. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet HW Ch 4 6 2 Exercise 4.9A Calculate the balance of cash using a bank reconciliation (L04-5) 18: Spielberg Company's general ledger shows a checking account balance of $22.970 on July 31, 2021. The July cash receipts of $1.885, included in the general ledger balance, are placed in the night depository at the bank on July 31 and processed by the bank on August 1. The bank statement dated July 31 shows bank service fees of $55. The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling 51,460. The bank statement shows a balance of $22.490 on July 31 Required: 1. Prepare a bank reconciliation to calculate the correct ending balance of cash on July 31, 2021. (Amounts to be deducted should be indicated with a minus sign.) SRELIEG COMMY Metro Bank's Cash Balance Per un met July , 2011 Company Cash Dance Per General Ledge Bank Balance par con Company Dance Dan On Lam.Com lunchthA252F%252Fm meducation.com 2526 midder.252Fproduct Window.tv Who The Home Depot Yandex.ME The Google bi se Ch 3 2 Exercise 3-8A Record year-end adjusting entries (L03-3) Consider the following transactions for Huskies Insurance Company 1. Equipment costing $42.000 is purchased at the beginning of the year for cash. Depreciation on the equipment is $7,000 per year. 2. On June 30, the company lends its chief financial officer $50,000: principal and interest at 7% are due in one year 3. On October 1, the company receives $16,000 from a customer for a one-year property insurance policy. Deferred Revenue is credited. w Required: For each item, record the necessary adjusting entry for Huskies Insurance at its year-end of December 31 No adjusting entries were made during the year. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transactions Journal entry worksheet LAC Cha Yone The Hot Yout Translate Google bin Maps Bongo HW Ch 30 2 Exercise 3-8A Record year-end adjusting entries (LO3-3) 074 DO Consider the following transactions for Huskles Insurance Company, 1. Equipment costing $42,000 is purchased at the beginning of the year for cash. Depreciation on the equipment is $7,000 per year. 2. On June 30, the company lends its chief financial officer $50,000; principal and interest at 7% are due in one year 3. on October 1, the company receives $16,000 from a customer for a one-year property insurance policy Deferred Revenue is credited. Hre Required: For each item, record the necessary adjusting entry for Huskies Insurance at its year-end of December 31 No adjusting entries were made during the year (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Do not round Intermediate calculations.) fo View traction lit Journal entry worksheet 2 3 | The Home Deportes A.com. IRC Cheap HW Ch 3 3 Exercise 3-10A Record year-end adjusting entries (LO3-3) 0.94 Consider the following situations for Shocker: 1. On November 28, 2021. Shocker receives a $4.500 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited, 2. On December 1, 2021, the company pays a local radio station $2,700 for 30 radio ads that were to be alred. 10 per month, throughout December, January, and February. Prepaid Advertising is debited. 3. Employee salaries for the month of December totaling $8,000 will be paid on January 7, 2022 4. On August 31, 2021, Shocker borrows $70,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2022. 40 o Required: Record the necessary adjusting entries for Shocker at December 31, 2021. No adjusting entries were made during the year. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round Intermediate calculations.) View at Journal entry worksheet 2 3 4 > Shecker 4,500 paytrent from a customer Exercise 3-10A Record year-end adjusting entries (L03-3) Consider the following situations for Shocker: 1. On November 28, 2021, Shocker receives a $4,500 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited. 2. On December 1, 2021, the company pays a local radio station $2,700 for 30 radio ads that were to be alred, 10 per month, throughout December, January, and February. Prepaid Advertising is debited. 3. Employee salaries for the month of December totaling $8,000 will be paid on January 7, 2022. 4. On August 31, 2021, Shocker borrows $70,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2022. 1 1 Required: Record the necessary adjusting entries for Shocker at December 31, 2021. No adjusting entries were made during the year. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet HW Ch 4 6 2 Exercise 4.9A Calculate the balance of cash using a bank reconciliation (L04-5) 18: Spielberg Company's general ledger shows a checking account balance of $22.970 on July 31, 2021. The July cash receipts of $1.885, included in the general ledger balance, are placed in the night depository at the bank on July 31 and processed by the bank on August 1. The bank statement dated July 31 shows bank service fees of $55. The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling 51,460. The bank statement shows a balance of $22.490 on July 31 Required: 1. Prepare a bank reconciliation to calculate the correct ending balance of cash on July 31, 2021. (Amounts to be deducted should be indicated with a minus sign.) SRELIEG COMMY Metro Bank's Cash Balance Per un met July , 2011 Company Cash Dance Per General Ledge Bank Balance par con Company Dance Dan
