Requirements: Prepare the adjusting entries, T accounts and Adjusted trial balance at the end of the...
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Requirements: Prepare the adjusting entries, T accounts and Adjusted trial balance at the end of the month through the information given below 1. Prepare Journal entries, T accounts 2. Prepare an adjusted trial balance for the company. i. At the end of the month the supplies expense is $ 2,000. ii. Skyline have given the services of S 6,000 from its Unearned revenue iii. The company did not pay salaries of $ 10,000 for the month of May, 2014. iv. The company has given the services of $ 10,000 to a customer but did not receive cash v. The depreciation expense for the equipment is 500 per month, make entry for one month Account Title Cash Supplies Prepaid Insurance Buildings Equipment Accounts Payable Unearned Revenue Note Payable Owner's Capital Service Revenue Advertising Expenses Salaries and Wages Expenses Utilities Expenses ABC Company Trial Balance May 31, 2014 Debit 7,000 4,160 4,800 120,000 30,000 1,200 6,600 1,800 $175.560 Credit 9,600 6,600 80,000 58,760 20,600 $175.560 Requirements: Prepare the adjusting entries, T accounts and Adjusted trial balance at the end of the month through the information given below 1. Prepare Journal entries, T accounts 2. Prepare an adjusted trial balance for the company. i. At the end of the month the supplies expense is $ 2,000. ii. Skyline have given the services of S 6,000 from its Unearned revenue iii. The company did not pay salaries of $ 10,000 for the month of May, 2014. iv. The company has given the services of $ 10,000 to a customer but did not receive cash v. The depreciation expense for the equipment is 500 per month, make entry for one month Account Title Cash Supplies Prepaid Insurance Buildings Equipment Accounts Payable Unearned Revenue Note Payable Owner's Capital Service Revenue Advertising Expenses Salaries and Wages Expenses Utilities Expenses ABC Company Trial Balance May 31, 2014 Debit 7,000 4,160 4,800 120,000 30,000 1,200 6,600 1,800 $175.560 Credit 9,600 6,600 80,000 58,760 20,600 $175.560
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Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
Posted Date:
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