Answered step by step
Verified Expert Solution
Question
1 Approved Answer
question III eu School e Business 1. Post the above transactions to the Ledger accounts (T accounts) (205 I. Adjusting Entries (30%) and posting on
question III
eu School e Business 1. Post the above transactions to the Ledger accounts (T accounts) (205 I. Adjusting Entries (30%) and posting on T accounts (14%) Given the following information and related to the previous entries above, prepare the adjusting entries and post to Ledger accounts. 1. Fees earned as of December 31, 2013 and not yet recorded, amount to $41.000 2. Records show that $9.500 of cash receipts originally recorded as Ungarned Revenue had been earned as of December 31. 3. Make the necessary adjustments on the insurance policy. 4. Medical supplies consumed during December amount to $1.225 5. The company uses de straight-line method of depreciation. The building has a useful le of 20 years. Cash Accounts Receivable Office Supplies Notes Payable Accounts Payable Capital Stock Medical Instruments Unexpired Insurance Land Building Service Revenue Dividends Salary Expense Unearned Revenue eu School e Business 1. Post the above transactions to the Ledger accounts (T accounts) (205 I. Adjusting Entries (30%) and posting on T accounts (14%) Given the following information and related to the previous entries above, prepare the adjusting entries and post to Ledger accounts. 1. Fees earned as of December 31, 2013 and not yet recorded, amount to $41.000 2. Records show that $9.500 of cash receipts originally recorded as Ungarned Revenue had been earned as of December 31. 3. Make the necessary adjustments on the insurance policy. 4. Medical supplies consumed during December amount to $1.225 5. The company uses de straight-line method of depreciation. The building has a useful le of 20 years. Cash Accounts Receivable Office Supplies Notes Payable Accounts Payable Capital Stock Medical Instruments Unexpired Insurance Land Building Service Revenue Dividends Salary Expense Unearned Revenue Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started