Every Friday, Kylie's Recruiting Services records its employees' weekly salaries of $20,000 per week ($4,000 per day, Monday through Friday). Employees are paid the following week on Thursday. Requirements 1. Prepare the general journal entry on Friday, September 30 to record the salaries expense for the last five days in September. 2. Prepare the general journal entry on Thursday, October 6 to record payment of the prior week's salaries. Requirement 1. Prepare the general journal entry on Friday, September 30 to record the salaries expense for the last five days in September. (Record debits first, then credits. Leave unused cells blank. Enter explanations on the last line of the journal.) Date Account Titles and Description PR Dr. Cr. Sep. 30 

 

On January 2, Garret's Automotive Company purchased a 12-month insurance policy for $1,200 cash. Requirements 1. Prepare the general journal entry required on January 2 to record the purchase of the policy. 2. Prepare the adjusting entry required on January 31 to record January's insurance expense. . . . Requirement 1. Prepare the general journal entry required on January 2 to record the purchase of the policy. (Record debits first, then credits. Leave unused cells blank. Enter explanations on the last line of the journal.) Date Account Titles and Description PR Dr. Cr. Jan. 2 

 

Before Adjustment: Equipment Accumulated Depreciation. Equipment Depreciation Expense: Equipment Given: For the current year: depreciation on equipment is $2,000. Required 3. Which of the three T accounts is not affected? b. Which title is a contra?asset? c. Complete a transaction analysis box for this adjustment. d. What will be the balance otthese three accounts on the adjusted trial balance? a. Which of the three T accounts is not affected? '7 

 

The balance in the Supplies account for F. Lang Company on September 1 was $470. Purchases of supplies for cash were made on September 6 for $220 and on September 19 for $370. A physical count determined that $430 of supplies remained on hand on September 30. Requirements 1. Prepare the two journal entries to record the supplies purchases on September 6 and September 19. 2. Prepare the adjusting entry required on September 30 to record the supplies used during September. Use a T account to calculate the amount of the supplies used. Requirement 1. Prepare the two journal entries to record the supplies purchases on September 6 and September 19. Record the first journal entry below. (Record debits first, then credits. Enter explanations on the last line of the journal.) F. Lang's Company General Journal Page 1 Date Account Titles and Description PR Dr. Cr. Sep.

 

From the adjustments section of a worksheet presented here, prepare adjusting journal entries for the end of December. E (Click the icon to View the partial worksheet.) .Journalize the adjusting journal entries. Start byjournalizing adjustment {A}.[ [Record debits first then credits. Explanations are not required ) Date December 31

Transcribed Image Text:

Every Friday, Kylie's Recruiting Services records its employees' weekly salaries of $20,000 per week ($4,000 per day, Monday through Friday). Employees are paid the following week on Thursday. Requirements 1. Prepare the general journal entry on Friday, September 30 to record the salaries expense for the last five days in September. 2. Prepare the general journal entry on Thursday, October 6 to record payment of the prior week's salaries. Requirement 1. Prepare the general journal entry on Friday, September 30 to record the salaries expense for the last five days in September. (Record debits first, then credits. Leave unused cells blank. Enter explanations on the last line of the journal.) Date Sep. 30 Account Titles and Description PR Dr. Cr. Every Friday, Kylie's Recruiting Services records its employees' weekly salaries of $20,000 per week ($4,000 per day, Monday through Friday). Employees are paid the following week on Thursday. Requirements 1. Prepare the general journal entry on Friday, September 30 to record the salaries expense for the last five days in September. 2. Prepare the general journal entry on Thursday, October 6 to record payment of the prior week's salaries. Requirement 1. Prepare the general journal entry on Friday, September 30 to record the salaries expense for the last five days in September. (Record debits first, then credits. Leave unused cells blank. Enter explanations on the last line of the journal.) Date Sep. 30 Account Titles and Description PR Dr. Cr.

Answer rating: 100% (QA)

Requirement 1 Prepare the general journal entry on Friday September 30 to record the salaries expense for the last five days in September Date Account ... View the full answer