Please prepare from the following information for Eco Document Disposal Company, (1) A worksheet. (2) Journalized adjusting
Question:
Please prepare from the following information for Eco Document Disposal Company,
(1) A worksheet.
(2) Journalized adjusting entries for the year ending May 31, 2022.
To: Peter George
From: Anthony Hoang
Re: Accounting Procedures
Adjustment Data
a. Insurance expired, $510.75.
b. Disposal supplies on hand, $723.
c. Depreciation for the year on disposal equipment is based on the straight-line method, 12-year life, and a residual value of $1,225.
d. Depreciation for the year on building is also straight-line, 20-year life, and a residual value of $25,000.
e. Wages earned by employees but not due to be paid until June amounted to 36 hours at $18/hour plus 30 hours at $24/hour.
Step by Step Answer:
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good