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Prepare adjusting entries for the month of April for each of the following. Remember to show your computations on the separate paper. Show your numbers
Prepare adjusting entries for the month of April for each of the following. Remember to show your computations on the separate paper. Show your numbers with commas. For example, 1,000. Not $1,000 or 1,000.00 or it will be marked wrong. a. At the start of April, the Supplies account balance was $245. During the month, the company purchased additional supplies totaling $735. At the end of the month, they had $343 of supplies on hand. Date Account Dr Cr April 30 b. The company has a note payable of $17,000 that is due in 6 months. The interest rate is 12% and the interest expense for the month has not yet been recorded. Date Account Dr Cr April 30 c. The company has employees who are paid on a 5-day work week (Monday through Friday). Employees are paid $10,000 on Friday for that week. The last day of the month was on Thursday c. The company has employees who are paid on a 5-day work week (Monday through Friday) Employees are paid $10,000 on Friday for that week. The last day of the month was on Thursday Date Account Dr Cr Apr 30 d. The Unearned Fees account has a balance of $46,000. According to management, 60% of the fees were earned at the end of April Date Account Dr Cr Apr 30 e. At the end of April, $6,000 of services had been performed but not yet billed. It expected that the entire amount will be collected in May. Date Account Dr Cr Apr 30
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