Gateway X 2 Final Exam Part 2 - Introductio 199 ameengage.com/mod/quiz/attempt.php?attempt=4757418&cmid=1032498&page= High Assurance is owned by...
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Gateway X 2 Final Exam Part 2 - Introductio 199 ameengage.com/mod/quiz/attempt.php?attempt=4757418&cmid=1032498&page= High Assurance is owned by Juan Schular and provides group insurance services to the high end retailors. Here are their adjustments at the end of March 2021. Mar 31 The balance of prepaid insurance is for a 9-month policy, one month of insurance has been used. Mar 31 Interest of $660 had accrued on the bank loan. Mar 31 During March, High Assurance earned $2,880 of unearned revenue. Mar 31 Required The brand new computers were purchased on March 1, 2021 and have an expected useful life of five years, after which they will have no residual value. Record depreciation for March Using the following trial balance, complete the adjustments and the adjusted trial balance in the worksheet. Do not enter dollar signs or commas in the input boxes. High Assurance Worksheet March 31, 2021 Unadjusted Trial Adjustments Balance Adjusted Trial Balance Account Cash DR CR HP DR CR DR CR 6,000 Accounts Receivable 1,870 Q Search F6 AT hp A+ * 2@ 3 W E E R % 20 5 T 6 Y & 1 F8 F9 * TA A FIO F11 F12 411 441 8 2 3 1/4 1/2 { 00 [ Gateway X 2 Final Exam Part 2 - Introductio 199 ameengage.com/mod/quiz/attempt.php?attempt=4757418&cmid=1032498&page= High Assurance is owned by Juan Schular and provides group insurance services to the high end retailors. Here are their adjustments at the end of March 2021. Mar 31 The balance of prepaid insurance is for a 9-month policy, one month of insurance has been used. Mar 31 Interest of $660 had accrued on the bank loan. Mar 31 During March, High Assurance earned $2,880 of unearned revenue. Mar 31 Required The brand new computers were purchased on March 1, 2021 and have an expected useful life of five years, after which they will have no residual value. Record depreciation for March Using the following trial balance, complete the adjustments and the adjusted trial balance in the worksheet. Do not enter dollar signs or commas in the input boxes. High Assurance Worksheet March 31, 2021 Unadjusted Trial Adjustments Balance Adjusted Trial Balance Account Cash DR CR HP DR CR DR CR 6,000 Accounts Receivable 1,870 Q Search F6 AT hp A+ * 2@ 3 W E E R % 20 5 T 6 Y & 1 F8 F9 * TA A FIO F11 F12 411 441 8 2 3 1/4 1/2 { 00 [
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