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Using the information above, please show which accounts to debit and credit for the transaction register transactions. For the end of year adjusting entries please
Using the information above, please show which accounts to debit and credit for the transaction register transactions.
For the end of year adjusting entries please show the accounts that are debited and credited also.
Thank you!
1. Select > Bank deposit. In the Account field, select Account 10000 Phoenix Bank. Figure CP1-4: Bank Deposit 2. The Cash back goes to field should also show 10000 Phoenix Bank. Cash back goes to Figure CP1-5: Cash back goes to 3. In the RECEIVED FROM field, click on the down-arrow > > type Clients > r select the appropriate account. Add or edit the following accounts. Export the Chart of Accounts to Excel and save as a PDF file. Use the file name Case Problem 1_Chart of Accounts. Transaction Register END-OF-YEAR ADJUSTING ENTRIES 1. At the end of December, supplies on hand are $1,550.00. 2. Depreciation for Computer Equipment: $41.67. 3. Depreciation for Furniture and Equipment: $66.67. 4. Adjust one month's rent. Refer to the December 1 Balance Sheet. (Hint: Two months' rent was prepaid on December 1.) 5. Export the Journal to Excel and save as a PDF file. Use the file name Case Problem 1_Adjusting Journal Entries. (Hint: From 12/31/20XX to 12/31/20XX.)Step by Step Solution
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