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Prepare Augusts adjusting journal entries. Bramble records adjustments monthly. Adjustment data for the month of August are as follows: 1. 2. 3. 4. 5. 6.
Prepare Augusts adjusting journal entries.
Bramble records adjustments monthly. Adjustment data for the month of August are as follows: 1. 2. 3. 4. 5. 6. 7. 8. One month's worth of advertising services have been received. The August rent has expired. Accrued salaries payable are $1,560. Depreciation for the month is $203. Supplies on hand at August 31 are $960. Services were performed to satisfy $840 of Deferred revenue. One month of interest income related to the $4,400 note receivable has accrued. The note was issued on June 30 and is due October 31 and has a 6% annual interest rate. Interest is due at maturity. Income tax of $270 is estimated to be owed for the month of August.
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