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Problem 13-31A (Algo) Recording adjusting entries in general journal format LO 13-2 (6 different tables, pictures are all listed) Problem 13-31A (Algo) Recording adjusting entries
Problem 13-31A (Algo) Recording adjusting entries in general journal format LO 13-2
(6 different tables, pictures are all listed)
Problem 13-31A (Algo) Recording adjusting entries in general journal format LO 13-2 Each of the following independent events requires a year-end adjusting entry. a. Pald $9,100 cash in advance on July 1 for a one-year lease on office space. b. Purchased $2,600 of supplies on account on April 15. At year-end, $420 of supplies remained on hand. c. Received a $8,100 cash advance on July 1 for a contract to provide services for one year beginning Immediately. d. Pald $3,600 cash in advance on February 1 for a one-year Insurance policy. Required Record each event and the related adjusting entry in general Journal format. The first event is recorded as an example. Ass December 31 closing date. (Do not round Intermediate calculations. Round your final answers to the nearest whole dolla entry is required for a transaction/event, select "No journal entry required" in the first account field.) Credit Date Account Titles July 1 Prepaid rent Cash Debit 9,100 9,190 4,55 Dec. 31 Rent Expense (9,108 * 6/12) Prepaid rent 4,550 View transaction list Journal entry worksheet Record supplies purchase on account. Note: Enter debits before credits. Date General Journal Debit Credit Apr. 15 View transaction list Journal entry worksheet Record cash received in advance for services to be provided. Note: Enter debits before credits. Date General Journal Debit Credit Jul. 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record adjusting entry for unearned revenue. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record cash paid in advance for a one-year insurance policy. Note: Enter debits before credits. Date General Journal Debit Credit Feb. 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet
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