Waccount, Co has a December year end and prepares annual financial statements Record the appropriate adjusting entry for Waccount in the accounting equation Choose account titles from the drop down menu Under equity, the account effected would be retained earnings Instead of using retained earnings, use the more specific title to indicate the revenue or expense type being recorded Put amounts in next to the account titles All boxes must have an answer so choose or type a lower case x in the boxes that you do not use to record the adjustment The first line under the headings is an example recording $1,200 of accrued interest expense Waccount received $ 5460 in May, Year4 for services to be provided on an as needed basis over the next few years Waccount recorded the receipt as an increase to a liability and an increase to cash At December 31, Waccount had provided $ 2200 of the services Record the appropriate adjustment Assets Liabilities Equity Account Amount Account Amount Account Amount x x Interest payable 1200 Interest expense 1200 Waccount, Co has a December year end and prepares annual financial statements Record the appropriate adjusting entry for Waccount in the accounting equation Choose account titles from the drop down menu Under equity, the account effected would be retained earnings Instead of using retained earnings, use the more specific title to indicate the revenue or expense type being recorded Put amounts in next to the account titles All boxes must have an answer so choose or type a lower case x in the boxes that you do not use to record the adjustment The first line under the headings is an example recording $1,200 of accrued interest expense Waccount purchased $ 12000 of office equipment 9 months before the end of Year4 Waccount recorded the cost as an increase to equipment and a decrease to cash The equipment has no residual value and a estimated useful life of 12 years Record depreciation for Year4 Assets Liabilities Equity Account Amount Account Amount Account Amount x x Interest payable 1200 Interest expense 1200

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Waccount, Co. has a December year-end and prepares annual financial statements. Record the appropriate adjusting entry for Waccount in the accounting equation. Choose account titles

Waccount, Co. has a December year-end and prepares annual financial statements. Record the appropriate adjusting entry for Waccount in the accounting equation. Choose account titles from the drop-down menu. Under equity, the account effected would be retained earnings. Instead of using retained earnings, use the more specific title to indicate the revenue or expense type being recorded. Put amounts in next to the account titles. All boxes must have an answer-- so choose or type a lower case "x" in the boxes that you do not use to record the adjustment. The first line under the headings is an example recording $1,200 of accrued interest expense. Waccount received $5460 in May,Year4 for services to be provided on an as needed basis over the next few years. Waccount recorded the receipt as an increase to a liability and an increase to cash. At December 31, Waccount had provided $2200 of the services. Record the appropriate adjustment.

Assets		Liabilities		Equity
Account	Amount	Account	Amount	Account	Amount
x	x	Interest payable	1200	Interest expense	-1200

Waccount, Co. has a December year-end and prepares annual financial statements. Record the appropriate adjusting entry for Waccount in the accounting equation. Choose account titles from the drop-down menu. Under equity, the account effected would be retained earnings. Instead of using retained earnings, use the more specific title to indicate the revenue or expense type being recorded. Put amounts in next to the account titles. All boxes must have an answer-- so choose or type a lower case "x" in the boxes that you do not use to record the adjustment. The first line under the headings is an example recording $1,200 of accrued interest expense. Waccount purchased $12000 of office equipment 9 months before the end of Year4. Waccount recorded the cost as an increase to equipment and a decrease to cash. The equipment has no residual value and a estimated useful life of 12 years. Record depreciation for Year4.