Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Record the necessary adjusting entries. Today is June 3 0 . Open Drections in Popup Wnow Send Emal with Screen Capture PSB 4 - 4

Record the necessary adjusting entries. Today is June 30. Open Drections in Popup Wnow
Send Emal with Screen Capture PSB 4-4 Record Adjusting Entries
Ruccord the necessary acpusing enteres Todsy is June 30.
Pror 10 aunc 30, the Supplet aconent had a $900 batance A phyjical count lodary indicates that 5625 of supplies reman
2 On June 9, a customer pays 57,000 in advance of vervices beng provided As of today, $4,500 of sembes have teven pertormed.
4 The company petormed services totaling 512,200 tis month, and as of todery. customers have nol yet been biled.
Nots:
Crier the varcaction dite on the frst ine oney (t muthele transactions are iequired. enter the owie on the ment ine of each transaction)
Enber al ocots whin the transaction poor to entermg any creos
is givn for a coniect account name wth the correct amount
Do rot incluse joumat entry explanation when submiting your ahinuer
Record pumal ercies in the order in which ine tramactions are pergemid.
Prior to June 30, the Supplies account had a $900 balance. A physical count today indicates that $625 of supplies remain.
On June 9, a customer pays $7,000 in advance of services being provided. As of today, $4,500 of services have been performed.
Employees work a seven-day workweek, earn total wages of $4,200 each week, and are paid for each week's work on Sunday. June 30 falls on a Wednesday this year.
The company performed services totaling $12,200 this month, and as of today, customers have not yet been billed.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Financial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

7th Edition

978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018

More Books

Students also viewed these Accounting questions

Question

=+why do you hold the view that you do?

Answered: 1 week ago