Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 5 of 5 Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous question.) Cash Date >

Question 5 of 5 Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous question.) Cash Date > Date Explanation Accounts Receivable Ref J1 J1 J1 J1 01 J1 Explanation Ref Debit Debit Credit Credit 2.33/7 No. 101 Balance No. 112 Balance
image text in transcribed
image text in transcribed
Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous question.) Luong Corporation encounters the following situations: Identify what type of adjusting entry (prepaid expense, unearned revenue, accrued expense, or accrued rev situation at December 31, 2022. 1. Luong collects $1,300 from a customer in 2022 for services to be performed in 2023. 2. Luong incurs utility expense which is not yet aid in cash or recorded. 3. Luong's employees worked 3 days in 2022 but will nor be paid until 2023 . 4. Luong.performs services for customers but has not yet received cashorrecorded the transaction. 5. Luong paid $2,800 rent on December 1 for the \& months startins December 1 Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous question.) Luong Corporation encounters the following situations: Identify what type of adjusting entry (prepaid expense, unearned revenue, accrued expense, or accrued rev situation at December 31, 2022. 1. Luong collects $1,300 from a customer in 2022 for services to be performed in 2023. 2. Luong incurs utility expense which is not yet aid in cash or recorded. 3. Luong's employees worked 3 days in 2022 but will nor be paid until 2023 . 4. Luong.performs services for customers but has not yet received cashorrecorded the transaction. 5. Luong paid $2,800 rent on December 1 for the \& months startins December 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions