At December 31, the unadjusted trial balance of H& R Tacks reports Unearned Revenue of $ 5,000 and Service Revenues of $ 33,800. One- half of the unearned revenue has been earned as of December 31. Prepare the adjusting journal entry on December 31. In separate T- accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.
Answer to relevant QuestionsAt December 31, the unadjusted trial balance of H& R Tacks reports Salaries and Wages Payable of $ 0 and Salaries and Wages Expense of $ 20,000. Employees have been paid for work done up to December 27, but the $ 1,200 they ...Match each transaction with the type of adjustment that will be required, by entering the appropriate letter in the space provided. What internal control functions are performed by a cash register and point- of- sale system? How are these functions performed when cash is received by mail? Nicole’s Getaway Spa (NGS) continues to grow and develop. Nicole is now evaluating a computerized accounting system and needs your help in understanding how source documents inform accounting processes. She also needs some ...Identify the internal control principle represented by each point in the following diagram.
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