Calculate and record the Journal entry for the following adjustments: Problem 1: E B PA S...

Transcribed Image Text:

Calculate and record the Journal entry for the following adjustments: Problem 1: E B PA S I B LIE 1) On January 2, 2022, Chase bank purchased $60,000 of office supplies in cash. 2) By December 31, 2022 there is on hand $ 8,000 worth of office supplies. Dve General Journal Accord T PR Dete Do the Journal entry for the supplies adjustment Problem 2: 1) On Nov. 1, 2022, McDonalds paid the rent in advance for one year at $5,000 monthly in cash. 2) Calculate and record the Journal entry for the rent adjustment by December, 31, 2022. General Journal AccouT Fa Deb Fapt Cast L Problem 3: 1) On January 2, 2022 Delta Airlines purchased a new Boeing 737 Airliner for $ 80,000,000 in cash. 2) Calculate and record the Journal entry for the depreciation by December 31, 2022 if the useful life of the airplane is 25 years and the residual value is $ 8,000. Calculate and record the Journal entry for the following adjustments: Problem 1: E B PA S I B LIE 1) On January 2, 2022, Chase bank purchased $60,000 of office supplies in cash. 2) By December 31, 2022 there is on hand $ 8,000 worth of office supplies. Dve General Journal Accord T PR Dete Do the Journal entry for the supplies adjustment Problem 2: 1) On Nov. 1, 2022, McDonalds paid the rent in advance for one year at $5,000 monthly in cash. 2) Calculate and record the Journal entry for the rent adjustment by December, 31, 2022. General Journal AccouT Fa Deb Fapt Cast L Problem 3: 1) On January 2, 2022 Delta Airlines purchased a new Boeing 737 Airliner for $ 80,000,000 in cash. 2) Calculate and record the Journal entry for the depreciation by December 31, 2022 if the useful life of the airplane is 25 years and the residual value is $ 8,000.

Answer rating: 100% (QA)

Problem 1 Supplies Adjustment On January 2 2022 Chase bank purchased 60000 of office supplies in cas... View the full answer