Question
u The bookkeeper for Carla Vista Co. asks you to record the following accrual adjustments at December 31 in the tabular summary that follows. (If
u
The bookkeeper for Carla Vista Co. asks you to record the following accrual adjustments at December 31 in the tabular summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
(a) | Interest on notes payable of $354 is accrued. | |
(b) | Services performed but unbilled total $2,006. | |
(c) | Salaries of $928 earned by employees have not been recorded. |
Assets | = | Liabilities | + | Stockholders Equity | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Adjustment | Accounts Receivable | = | Interest Payable | + | Sal./Wages Payable | + | Com. Stock | + | Rev. | Exp. | Div. | |||
(a) | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | select an account title Salaries & Wages ExpenseRent RevenueDepreciation ExpenseUtilities ExpenseInsurance ExpenseSupplies ExpenseInterest Expense | ||||||
(b) | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||||||
(c) | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | select an account title Interest ExpenseUtilities ExpenseDepreciation ExpenseRent RevenueSupplies ExpenseInsurance ExpenseSalaries & Wages Expen |
ndefined
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