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Veggies-R-Us, Inc. determined that at December 31, 20xx that Prepaid rent still in force at should be $900. Prepare the appropriate journal entry to reflect
Veggies-R-Us, Inc. determined that at December 31, 20xx that Prepaid rent still in force at should be $900. Prepare the appropriate journal entry to reflect this information. Credit Veggies-R-Us. Trial Balance December 31, 20XX Account Title Debit 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 Equipment 44,600 Accumulated depreciation- equipment Building 89,900 Accumulated depreciation- building Accounts payable Salary payable Unearned revenue, customer deposits 12,800 1,830 28,600 6,240 25,500 150,000 6,000 20,000 54,920 5,250 Bonds payable Premium of bonds payable Common stock Retained earnings Dividends Revenue Salary expense Rent expense Utilities expense Depreciation expense-furniture Depreciation expense-equipment 132,400 51,600 5,000 10,410 0 0 Depreciation expense-building Advertising expense Supplies expense Bad debts expense Interest expense Total 0 5,650 12,000 0 0 $438,290 $438,290
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