Question
the following information is available for Bentley Inc. on September 30 for the year just ended. A review of the $2,100 unadjusted balance in the
the following information is available for Bentley Inc. on September 30 for the year just ended.
A review of the $2,100 unadjusted balance in the supplies account shows a balance on hand at the end of the year of $1,500.The yearly depreciation on the furniture is $950.Of the rent paid to Bentley Inc. in advance, $1,000 has been earned.2,550 of the advertising paid for in advance has been published by the newspaper. The estimated yearly depreciation on the equipment is $200.Bentley Inc. purchased buildings in a previous year for $42,000 and expects to sell these buildings for $6,250 after ten years.4, 800 of property taxes have accrued and are unrecorded.$12,000 of advertising Bentley Inc. placed in the local newspaper is unrecorded and unpaid.$1,800 of the television advertising paid for in advance has been used. Accrued salaries of $26,500 were not recorded at year-end.Prepare the required adjusting entries at September 30, 2014.
A) transaction letter as the description when entering the transactions in the journal and Date). For each journal entry, how each account affects the balance sheet (Assets, Liabilities, Equity).
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