The requirements of the following question are to record the adjusting journal entries for 1 10, the trial balance is included to record these adjustments The trial balance of Veggies R Us , at December 31, 20XX, and the data needed for the year end adjustments follow (Round all results to the nearest whole dollar amount ) The dollar value of supplies on hand at year end $5,250 this was determined after taking a physical inventory Prepaid rent still in force at December 31, $900 Depreciation on furniture for the year, $210 Depreciation on building for the year, $1,980 Depreciation on equipment for the year, $1,125 At the end of the year, Veggies R Us owed P Tato $480 and $820 to other employees of the company for work performed during the year just ended Unearned revenue, customer deposits still unearned at December 31 was $3,125 Veggies R Us uses the allowance method to determine their bad debt expense The allowance for bad debts is based upon the balance in accounts receivable Based upon past experience Veggies R Us uses the rate of 0 75 ( 0075) of accounts receivable to determine the appropriate balance in the Allowance for Doubtful accounts Round the balance in this allowance account (your calculated year end balance) to the nearest whole dollar Bonds payable info The principal amount (a k a face value, par value, stated value) of these bonds $150,000 These bonds have a 10 year term The stated rate (a k a contract rate, nominal rate, contract rate) of interest on these bonds 5 Theses bonds are dated July 1, 20XX (current year) and were sold on July 1, 20XX (current year) for the sum of $156,000 Interest on these bonds is to be paid semi annually on January 1 and July 1 of each year An entry needs to be made for December 31s accrued interest due and for the appropriate amount relating to the amortization of the premium (use straight line amortization for this premium) A check will be written and issued for the appropriate amount of interest due on January 1 The investments that A Duck Ponds currently has in their investment account (current asset) represents investments that were purchased recently Based upon stock market quotes obtained for December 31, the market value of these investments $112,000 Veggies R Us Trial Balance December 31, 20XX Account Title Debit Credit Cash $26,750 Accounts receivable 47,630 Allowance for doubtful accounts 250 Prepaid rent 1,680 Supplies 8,700 Investments 113,520 Furniture 15,350 Accumulated depreciation furniture 12,800 Equipment 44,600 Accumulated depreciation equipment 1,830 Building 89,900 Accumulated depreciation building 28,600 Accounts payable 6,240 Salary payable Unearned revenue, customer deposits 25,500 Bonds payable 150,000 Premium of bonds payable 6,000 Common stock 20,000 Retained earnings 54,920 Dividends 5,250 Revenue 132,400 Salary expense 51,600 Rent expense 5,000 Utilities expense 10,410 Depreciation expense furniture 0 Depreciation expense equipment 0 Depreciation expense building 0 Advertising expense 5,650 Supplies expense 12,000 Bad debts expense 0 Interest expense 0 Total $438,290 $438,290

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The requirements of the following question are to record the adjusting journal entries for #1-10, the trial balance is included to record these adjustments. The

The requirements of the following question are to record the adjusting journal entries for #1-10, the trial balance is included to record these adjustments.

The trial balance of Veggies-R-Us., at December 31, 20XX, and the data needed for the year-end adjustments follow. (Round all results to the nearest whole dollar amount.)

The dollar value of supplies on hand at year end = $5,250; this was determined after taking a physical inventory.
Prepaid rent still in force at December 31, $900.
Depreciation on furniture for the year, $210.
Depreciation on building for the year, $1,980.
Depreciation on equipment for the year, $1,125.
At the end of the year, Veggies-R-Us. owed P-Tato $480 and $820 to other employees of the company for work performed during the year just ended.
Unearned revenue, customer deposits still unearned at December 31 was $3,125.
Veggies-R-Us. uses the allowance method to determine their bad debt expense. The allowance for bad debts is based upon the balance in accounts receivable. Based upon past experience Veggies-R-Us. uses the rate of 0.75% (.0075) of accounts receivable to determine the appropriate balance in the Allowance for Doubtful accounts. Round the balance in this allowance account (your calculated year end balance) to the nearest whole dollar.
Bonds payable info: The principal amount (a.k.a. face value, par value, stated value) of these bonds = $150,000. These bonds have a 10 year term. The stated rate (a.k.a. contract rate, nominal rate, contract rate) of interest on these bonds = 5%. Theses bonds are dated July 1, 20XX (current year) and were sold on July 1, 20XX (current year) for the sum of $156,000.

Interest on these bonds is to be paid semi-annually on January 1 and July 1 of each year. An entry needs to be made for December 31s accrued interest due and for the appropriate amount relating to the amortization of the premium (use straight-line amortization for this premium). A check will be written and issued for the appropriate amount of interest due on January 1.

The investments that A. Duck Ponds currently has in their investment account (current asset) represents investments that were purchased recently. Based upon stock market quotes obtained for December 31, the market value of these investments = $112,000.

Veggies-R-Us.

Trial Balance

December 31, 20XX

Account Title	Debit	Credit
Cash	$26,750
Accounts receivable	47,630
Allowance for doubtful accounts	250
Prepaid rent	1,680
Supplies	8,700
Investments	113,520
Furniture	15,350
Accumulated depreciation-furniture		12,800
Equipment	44,600
Accumulated depreciation-equipment		1,830
Building	89,900
Accumulated depreciation-building		28,600
Accounts payable		6,240
Salary payable
Unearned revenue, customer deposits		25,500
Bonds payable		150,000
Premium of bonds payable		6,000
Common stock		20,000
Retained earnings		54,920
Dividends	5,250
Revenue		132,400
Salary expense	51,600
Rent expense	5,000
Utilities expense	10,410
Depreciation expense-furniture	0
Depreciation expense-equipment	0
Depreciation expense-building	0
Advertising expense	5,650
Supplies expense	12,000
Bad debts expense	0
Interest expense	0
Total	$438,290	$438,290