TO:
Hal Hogan, Bookkeeper FROM: Pete Tennant, V. P.
RE: Adjustments for year ended December 31, 2013
Hal, here is the information you requested. Please supply me with the adjustments needed ASAP. Also, please put in writing why we need to do these adjustments.
a. Attached to memo:

b. Rent data: Prepaid rent had a $500 balance at beginning of year. An additional $400 in rent was paid in advance in June. At year-end, $200 in rent had expired.
c. Revenue data: Accrued storage fees of $500 were earned but uncollected and unrecorded at year-end.

Transcribed Image Text:

Policy No. 100 200 300 Date of Policy Purchase November 1 of previous year May 1 of current year September 1 of current year Policy Length 4 years 2 years 1 year Cost $480 600 240