Question
Trial Balance Unearned Revenue___________________ 35,000 Prepaid Rent _________________15,000 Q1. On January 5, 2021 Inner Harbor received a deposit of $6,700 for a kayak order to
Trial Balance
Unearned Revenue___________________ 35,000
Prepaid Rent _________________15,000
Q1. On January 5, 2021 Inner Harbor received a deposit of $6,700 for a kayak order to be delivered March 15, 2021 and the deposit was recorded this as revenue.
Q2. Rent is prepaid quarterly based on a calendar year on March 1st, June 1st, September 1st and December 1st and is pro-rata expensed at the end of each fiscal quarter.
do the Adjusting Journal Entries
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Im Just A Girl Who Loves Auditing And Coffee
Authors: Michael Happiness
1st Edition
B08HT8643K, 979-8684238604
