Journalize the adjusting entries for the following adjustments at March 31, the end of the accounting period,
Question:
a. Employee salaries owed for Monday through Thursday of a five-day workweek equals $8,500.
b. Unearned service revenue now earned, $500.
c. Depreciation, $2,100.
d. Prepaid rent expired, $650.
e. Interest revenue accrued, $1,050.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Journal DATE ACCOUNTS POST REF Dr Cr a Salaries expense ...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Related Video
Unearned revenue is money received by an individual or company for a service or product that has yet to be provided or delivered. It can be thought of as a \"prepayment\" for goods or services that a person or company is expected to supply to the purchaser at a later date. As a result of this prepayment, the seller has a liability equal to the revenue earned until the good or service is delivered. This liability is noted under current liabilities, as it is expected to be settled within a year.
Students also viewed these Accounting questions
-
Journalize the adjusting entries for the following adjustments at December 31, the end of the accounting period, omitting explanations. a. Employee salaries owed for Monday through Thursday of a...
-
The adjusting entries for the following adjustments were omitted at year-end: a. Prepaid rent expired, $3,000. b. Depreciation, $1,300. c. Employee salaries owed for Monday through Wednesday of a...
-
The adjusting entries for the following adjustments were omitted at period-end: a. Prepaid rent expired, $1,300 b. Depreciation, $1,000 c. Employee salaries owed for Monday through Wednesday of a...
-
The surveyor's formula (also called the Shoelace formula or Gauss's area formula) is a handy tool for computing the area of polygonal regions in the plane. For a triangle, it says the following:...
-
Check that your arrows are consistent with the behavior of b(t) at b = 1000 and b = 5000. Find the equilibria, graph the rate of change db/dt as a function of b, and draw a phase-line diagram for the...
-
When it comes to personal selling, the term win-win gets thrown around so much that it has become a clich. But at Procter & Gamble, the selling concept that the company benefits only if the customer...
-
Refer to the Arctic Springs Filtration Department Data Set. 1. Compute the December conversion costs in the Filtration Department. 2. If the Filtration Department completely processed 200,000 liters,...
-
Quantum Technologies Company acquired patent rights on January 6, 20Y5, for $1,350,000. The patent has a useful life of 10 years. On January 7, 20Y8, Quantum Technologies successfully defended the...
-
For a particular Java assembler interface, it is known that the operand stack size has the following probability distribution function: 0 1 2 3 4 . 2 5 . 2 0 . 1 8 . 1 7 . 2 0 What is the Expected...
-
As an experienced networking professional, you are asked to conduct a posture assessment on a local credit union's network. The credit union currently has two locations, a headquarters downtown...
-
Calculate the missing amounts for each of the following Prepaid Insurance situations. For situation A, journalize the adjusting entry. Consider each situationseparately. Situation Beginning Prepaid...
-
Journalize the adjusting entry needed at March 31, the fiscal year-end, for each of the following independent situations. No other adjusting entries have been made for the year. a. On February 1, we...
-
Which of the following true statements, if added at the beginning of this paragraph would most effectively introduce readers to the information presented in the paragraph? F. NO CHANGE G. War which...
-
It is annoying to see all those digits when printing a double. Can we arrange System.out.println() to print just two or three digits after the decimal point?
-
How can I arrange to pass an array as an argument to a function in such a way that the function cannot change the values of the elements in the array?
-
How does Java store integers internally?
-
Are there other kinds of variables besides argument, local, and instance variables in a class?
-
Why do I need to use the return type void? Why not just omit the return type?
-
What is an Arrhenius plot? Explain the significance of the slope and intercept of an Arrhenius plot.
-
A container holds 2.0 mol of gas. The total average kinetic energy of the gas molecules in the container is equal to the kinetic energy of an 8.0 10-3-kg bullet with a speed of 770 m/s. What is the...
-
Provide examples of leadership styles that are respected and admired in leaders in various cultures.
-
On March 1, 2016, Rock Canyon Golf Course issued $750,000 of 10-year, 9 percent bonds payable. The bonds were sold for $765,000. The bonds pay interest each August 31 and February 28, and any...
-
Ling Company issued a $280,000, 4 percent mortgage on January 1, 2016, to purchase a building. Payments of $8,055 are made semiannually. Complete the following amortization schedule (partial) for...
-
The accounting records of Boardman Corp., include the following items at December 31, 2016: Requirement Report these liabilities on Boardmans balance sheet at December 31, 2016, including headings?...
-
Prove each of the following statements. Fully state and explain each claim and logical step in your proof, using complete English sentences throughout. 1. Prove that if z is a complex number solution...
-
Preparing Adjusting Journal Entries Pacific Company adjusts and closes its books each December 31. It is now December 31 and the following information is available for preparing accounting...
-
Evaluate the integral below by interpreting it in terms of areas in the figure. The areas of the labeled regions are A17, A2=3, A3=1 and A4=2 V = 5 - S f(x)dx > Next Question y=f(x) A1 A3 0 3 A2 R2 5...
Study smarter with the SolutionInn App