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Record the adjusting entries into a horizontal grid: g) On July 1, paid $24,000 to rent a building for the rest of 2018 and the
Record the adjusting entries into a horizontal grid:
g) On July 1, paid $24,000 to rent a building for the rest of 2018 and the first half of 2019
k) Wages of $8,400 earned by employees since the Dec 24 payroll were not yet paid.
m) Accrued $2,800 interest on an outstanding loan (promissory note).
n) Building rental expenses for the year, paid in transaction (g), had not yet been recorded.
o) Depreciation for the year on the equipment was $6,200
p) Income tax for the year was $9,000. It will be paid in 2019.
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