Requirements

1.

Lovely Landscaping has collected the following data for the December 31 adjusting entries: i (Click the icon to view the independent cases.) Requirements More Info - X 1. Journalize the adjusting ting entries only at the end of the year. 2. Journalize the subsequ a. Each Friday, Lovely pays employees for the current week's work. The amount of the weekly Requirement 1. Journalize payroll is $6,500 for a five-day workweek. This year December 31 falls on a Wednesday. Lovely will pay its employees on January 2. ecords adjusting entries only at the end of the year. b. On January 1 of the current year, Lovely purchases an insurance policy that covers two years, ing carefully and do not abbreviate.) $2,000. a. Each Friday, Lovely pay year December 31 falls on a Wednesday. Lovely w c. The beginning balance of Office Supplies was $3,700. During the year, Lovely purchased office supplies for $5,700, and at December 31 the office supplies on hand total $2,300. Date d. During December, Lovely designed a landscape plan and the client prepaid $4,000. Lovely recorded this amount as Unearned Revenue. The job will take several months to complete, and Dec. 31 Lovely estimates that the company has earned 50% of the total revenue during the current year. e. At December 31, Lovely had earned $8,000 for landscape services completed for Transit Appliances. Transit has stated that it will pay Lovely on January 10. Depreciation for the current year includes Equipment, $3,900; and Trucks, $2,200. g. Lovely has incurred $1,000 of interest expense on a $1,450 interest payment due on January 15. b. On January 1 of the curt Print Done January 1, assume that Lovely debited an asset ac Choose from any list or enter any number in the input fields and then continue to the next question. ?Lovely Landscaping has collected the following data for the December 31 adjusting entries: i (Click the icon to view the independent cases.) Requirements 1. Journalize the adjusting entry needed on December 31 for each of the items affecting Lovely Landscaping. Assume Lovely records adjusting entries only at the end of the year. 2. Journalize the subsequent journal entries for adjusting entries a, d, and g. Requirement 1. Journalize the adjusting entry needed on December 31 for each of the items affecting Lovely Landscaping. Assume Lovely records adjusting entries only at the end of the year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate.) a. Each Friday, Lovely pays employees for the current week's work. The amount of the weekly payroll is $6,500 for a five-day workweek. This year December 31 falls on a Wednesday. Lovely will pay its employees on January 2. Date Accounts and Explanation Debit Credit Dec. 31 b. On January 1 of the current year, Lovely purchases an insurance policy that covers two years, $2,000. (When the policy was purchased on January 1, assume that Lovely debited an asset account.) Choose from any list or enter any number in the input fields and then continue to the next