Hawk Company used the following information to prepare adjusting entries at its December 31 year-end. Prepare any
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Hawk Company used the following information to prepare adjusting entries at its December 31 year-end.
Prepare any necessary reversing entries for accounting adjustments a through e assuming that the company uses reversing entries.
a. The company earned $6,000 in service revenues that were not yet recorded at year-end.
b. The expired portion of prepaid insurance was $3,700.
c. The company earned $2,900 of its Unearned Revenue account balance.
d. Depreciation expense for office equipment was $3,300.
e. Employees earned, but have not been paid, salaries of $3,400.
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