PROBLEM NO.1 Recording prepaid expenses and unearned revenues Al-Hoda Co. had the following transactions in the last two months of its fiscal year ended May 31. RECORDING ENTRIES Ape Pad 2,450 home Ich hat moment Manche nel yet 30Reverse S. cash fee ribe pridedame Mary PS4430 calore new DULCES of the coming services put fie en April 1.52.600 worth but been received "Agence immune fuit sie an Apel bon empated Newsmak in Apel Services with 4.200 are not yet provided to the content who paiden April 31 of the advertising paid for en May 1, 52,050 worstyrred 31 They has performed 4.500 ofendur eife May Required: - 1) Prepare recording entries during the year for these transactions under the method that records prepaid expenses and unearned revenues at the time cash is paid or received in the balance sheet accounts. 3 2) Also prepare adjusting entries at the end of the year. PROBLEM NO. 2 Recording prepaid expenses and unearned revenues Mahdy Co. had the following transactions in the last two months of its year ended December 31. RECORING ENTRIES No Posto cash for free superhersag 1 Paid 59,60 cm fer the race teghembet 31 of the next year, Received 53.500 cash for the series to provided De Paid Schocolaterace to be rewed over the next three months 15 ENTRE 31 Aportes e pod for memberi prod. Now we made More veneng paid in Neler 1.200 worth own yetent November Prepaidat 31 Services woh 1500 yet powided the chose who pedon Member 30 31 de andere mani pard for Bestellen ved The company hin period of siges at the compost for December 15 Required 1) Prepare recording entries during the year for these transactions under the method that records prepaid expenses and unearned revenues at the time cash is paid or received in the balance sheet accounts. 2) Also prepare adjusting entries at the end of the year. PROBLEM NO.1 Recording prepaid expenses and unearned revenues Al-Hoda Co. had the following transactions in the last two months of its fiscal year ended May 31. RECORDING ENTRIES Ape Pad 2,450 home Ich hat moment Manche nel yet 30Reverse S. cash fee ribe pridedame Mary PS4430 calore new DULCES of the coming services put fie en April 1.52.600 worth but been received "Agence immune fuit sie an Apel bon empated Newsmak in Apel Services with 4.200 are not yet provided to the content who paiden April 31 of the advertising paid for en May 1, 52,050 worstyrred 31 They has performed 4.500 ofendur eife May Required: - 1) Prepare recording entries during the year for these transactions under the method that records prepaid expenses and unearned revenues at the time cash is paid or received in the balance sheet accounts. 3 2) Also prepare adjusting entries at the end of the year. PROBLEM NO. 2 Recording prepaid expenses and unearned revenues Mahdy Co. had the following transactions in the last two months of its year ended December 31. RECORING ENTRIES No Posto cash for free superhersag 1 Paid 59,60 cm fer the race teghembet 31 of the next year, Received 53.500 cash for the series to provided De Paid Schocolaterace to be rewed over the next three months 15 ENTRE 31 Aportes e pod for memberi prod. Now we made More veneng paid in Neler 1.200 worth own yetent November Prepaidat 31 Services woh 1500 yet powided the chose who pedon Member 30 31 de andere mani pard for Bestellen ved The company hin period of siges at the compost for December 15 Required 1) Prepare recording entries during the year for these transactions under the method that records prepaid expenses and unearned revenues at the time cash is paid or received in the balance sheet accounts. 2) Also prepare adjusting entries at the end of the year
