Problem 12.1A (Algo) Recording adjustments for accrued and prepaid items and unearned income. LO 12-2, 12-3...

  

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Problem 12.1A (Algo) Recording adjustments for accrued and prepaid items and unearned income. LO 12-2, 12-3 a.-b. Merchandise Inventory, before adjustment, has a balance of $7,400. The newly counted inventory balance is $7,900. c. Unearned Seminar Fees has a balance of $5,900, representing prepayment by customers for five seminars to be conducted in June, July, and August 20X1. Two seminars had been conducted by June 30, 20X1. d. Prepaid Insurance has a balance of $11,400 for six months' insurance paid in advance on May 1, 20X1. e. Store equipment costing $13,450 was purchased on March 31, 20X1. It has a salvage value of $490 and a useful life of six years. f. Employees have earned $240 that has not been paid at June 30, 20X1. g. The employer owes the following taxes on wages not paid at June 30, 20X1: SUTA, $7.20; FUTA, $1.44; Medicare, $3.48; and social security, $14.88. h. Management estimates uncollectible accounts expense at 1 percent of sales. This year's sales were $1,900,000. i. Prepaid Rent has a balance of $6,450 for six months' rent paid in advance on March 1, 20X1. j. The Supplies account in the general ledger has a balance of $390. A count of supplies on hand at June 30, 20X1, indicated $145 of supplies remain. k. The company borrowed $8,800 from Second Bancorp on June 1, 20X1, and issued a four-month note. The note bears interest at 6 percent. Required: Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? Complete this question by entering your answers in the tabs below. General Journal Analyze Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Record an adjusting entry for beginning inventory. 8 11 > < Prev 55 of 56 7 Next > Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points X 03:20:58 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal View transaction list Analyze Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet 1 Transaction a. 2 Record an adjusting entry for beginning inventory. Note: Enter debits before credits. 3 4 5 Record entry General Journal 6 Clear entry 7 < General Journal 8 .. Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points X 03:20:55 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet < 1 2 3 4 5 Record an adjusting entry for ending inventory. Note: Enter debits before credits. Transaction b. Record entry General Journal 6 Clear entry 7 < General Journal 8 .. Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:53 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet < 1 2 Transaction Note: Enter debits before credits. C. 3 Record an adjusting entry for seminar fees earned. Record entry 4 5 General Journal 6 Clear entry 7 < General Journal 8 .. Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:50 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet < 1 2 Transaction d. 3 Note: Enter debits before credits. Record entry 4 Record an adjusting entry for insurance expired. 5 General Journal 6 Clear entry 7 < General Journal 8 .. Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:46 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet < 1 2 3 4 Record an adjusting entry for depreciation. Note: Enter debits before credits. Transaction e. 5 Record entry General Journal Clear entry 6 7 < General Journal 8 .. Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:44 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet < 1 2 3 4 5 Record an adjusting entry for wages owed. Note: Enter debits before credits. Transaction f. Record entry General Journal Clear entry 6 7 < General Journal 8 .. Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:41 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet < 1 2 3 4 5 6 Record an adjusting entry for payroll taxes owed. Note: Enter debits before credits. Transaction g. Record entry General Journal Clear entry 7 < General Journal 8 Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points X 03:20:39 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet < 1 2 3 4 5 Record an adjusting entry for uncollectible accounts. Note: Enter debits before credits. Transaction h. Record entry General Journal 6 Clear entry 7 < General Journal 8 Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work ||| 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:31 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet 4 5 6 < 1 Record an adjusting entry for rent. Note: Enter debits before credits. Transaction i. Record entry 7 General Journal Clear entry 8 9 < General Journal Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:29 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet 4 5 6 < 1 Record an adjusting entry for supplies used. Note: Enter debits before credits. Transaction j. Record entry 7 General Journal Clear entry 8 9 < General Journal 10 Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points X 03:20:26 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet 4 5 6 < 1 Record an adjusting entry for interest. Note: Enter debits before credits. Transaction k. Record entry 7 General Journal Clear entry 8 9 < General Journal 10 Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:22 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Problem 12.1A (Algo) Recording adjustments for accrued and prepaid items and unearned income. LO 12-2, 12-3 a.-b. Merchandise Inventory, before adjustment, has a balance of $7,400. The newly counted inventory balance is $7,900. c. Unearned Seminar Fees has a balance of $5,900, representing prepayment by customers for five seminars to be conducted in June, July, and August 20X1. Two seminars had been conducted by June 30, 20X1. d. Prepaid Insurance has a balance of $11,400 for six months' insurance paid in advance on May 1, 20X1. e. Store equipment costing $13,450 was purchased on March 31, 20X1. It has a salvage value of $490 and a useful life of six years. f. Employees have earned $240 that has not been paid at June 30, 20X1. g. The employer owes the following taxes on wages not paid at June 30, 20X1: SUTA, $7.20; FUTA, $1.44; Medicare, $3.48; and social security, $14.88. h. Management estimates uncollectible accounts expense at 1 percent of sales. This year's sales were $1,900,000. i. Prepaid Rent has a balance of $6,450 for six months' rent paid in advance on March 1, 20X1. j. The Supplies account in the general ledger has a balance of $390. A count of supplies on hand at June 30, 20X1, indicated $145 of supplies remain. k. The company borrowed $8,800 from Second Bancorp on June 1, 20X1, and issued a four-month note. The note bears interest at 6 percent. Required: Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal An adjusting entry was ma Analyze Saved < After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? Prepaid rent, June 30, 20X1 General Journal Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Problem 12.1A (Algo) Recording adjustments for accrued and prepaid items and unearned income. LO 12-2, 12-3 a.-b. Merchandise Inventory, before adjustment, has a balance of $7,400. The newly counted inventory balance is $7,900. c. Unearned Seminar Fees has a balance of $5,900, representing prepayment by customers for five seminars to be conducted in June, July, and August 20X1. Two seminars had been conducted by June 30, 20X1. d. Prepaid Insurance has a balance of $11,400 for six months' insurance paid in advance on May 1, 20X1. e. Store equipment costing $13,450 was purchased on March 31, 20X1. It has a salvage value of $490 and a useful life of six years. f. Employees have earned $240 that has not been paid at June 30, 20X1. g. The employer owes the following taxes on wages not paid at June 30, 20X1: SUTA, $7.20; FUTA, $1.44; Medicare, $3.48; and social security, $14.88. h. Management estimates uncollectible accounts expense at 1 percent of sales. This year's sales were $1,900,000. i. Prepaid Rent has a balance of $6,450 for six months' rent paid in advance on March 1, 20X1. j. The Supplies account in the general ledger has a balance of $390. A count of supplies on hand at June 30, 20X1, indicated $145 of supplies remain. k. The company borrowed $8,800 from Second Bancorp on June 1, 20X1, and issued a four-month note. The note bears interest at 6 percent. Required: Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? Complete this question by entering your answers in the tabs below. General Journal Analyze Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Record an adjusting entry for beginning inventory. 8 11 > < Prev 55 of 56 7 Next > Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points X 03:20:58 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal View transaction list Analyze Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet 1 Transaction a. 2 Record an adjusting entry for beginning inventory. Note: Enter debits before credits. 3 4 5 Record entry General Journal 6 Clear entry 7 < General Journal 8 .. Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points X 03:20:55 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet < 1 2 3 4 5 Record an adjusting entry for ending inventory. Note: Enter debits before credits. Transaction b. Record entry General Journal 6 Clear entry 7 < General Journal 8 .. Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:53 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet < 1 2 Transaction Note: Enter debits before credits. C. 3 Record an adjusting entry for seminar fees earned. Record entry 4 5 General Journal 6 Clear entry 7 < General Journal 8 .. Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:50 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet < 1 2 Transaction d. 3 Note: Enter debits before credits. Record entry 4 Record an adjusting entry for insurance expired. 5 General Journal 6 Clear entry 7 < General Journal 8 .. Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:46 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet < 1 2 3 4 Record an adjusting entry for depreciation. Note: Enter debits before credits. Transaction e. 5 Record entry General Journal Clear entry 6 7 < General Journal 8 .. Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:44 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet < 1 2 3 4 5 Record an adjusting entry for wages owed. Note: Enter debits before credits. Transaction f. Record entry General Journal Clear entry 6 7 < General Journal 8 .. Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:41 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet < 1 2 3 4 5 6 Record an adjusting entry for payroll taxes owed. Note: Enter debits before credits. Transaction g. Record entry General Journal Clear entry 7 < General Journal 8 Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points X 03:20:39 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet < 1 2 3 4 5 Record an adjusting entry for uncollectible accounts. Note: Enter debits before credits. Transaction h. Record entry General Journal 6 Clear entry 7 < General Journal 8 Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work ||| 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:31 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet 4 5 6 < 1 Record an adjusting entry for rent. Note: Enter debits before credits. Transaction i. Record entry 7 General Journal Clear entry 8 9 < General Journal Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:29 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet 4 5 6 < 1 Record an adjusting entry for supplies used. Note: Enter debits before credits. Transaction j. Record entry 7 General Journal Clear entry 8 9 < General Journal 10 Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points X 03:20:26 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal Analyze View transaction list Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. (Round your final answers to 2 decimal places.) Journal entry worksheet 4 5 6 < 1 Record an adjusting entry for interest. Note: Enter debits before credits. Transaction k. Record entry 7 General Journal Clear entry 8 9 < General Journal 10 Debit 11 An adjusting entry was ma Credit View general journal Saved Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 - Content/BUS 210 - Introd M Question 55 - EXAM 2/FIN X C chegg.com/homework-hel EXAM 2/FINAL (Chapters 7 - 13)--PROCTOR 55 7.5 points 03:20:22 eBook Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddl... Problem 12.1A (Algo) Recording adjustments for accrued and prepaid items and unearned income. LO 12-2, 12-3 a.-b. Merchandise Inventory, before adjustment, has a balance of $7,400. The newly counted inventory balance is $7,900. c. Unearned Seminar Fees has a balance of $5,900, representing prepayment by customers for five seminars to be conducted in June, July, and August 20X1. Two seminars had been conducted by June 30, 20X1. d. Prepaid Insurance has a balance of $11,400 for six months' insurance paid in advance on May 1, 20X1. e. Store equipment costing $13,450 was purchased on March 31, 20X1. It has a salvage value of $490 and a useful life of six years. f. Employees have earned $240 that has not been paid at June 30, 20X1. g. The employer owes the following taxes on wages not paid at June 30, 20X1: SUTA, $7.20; FUTA, $1.44; Medicare, $3.48; and social security, $14.88. h. Management estimates uncollectible accounts expense at 1 percent of sales. This year's sales were $1,900,000. i. Prepaid Rent has a balance of $6,450 for six months' rent paid in advance on March 1, 20X1. j. The Supplies account in the general ledger has a balance of $390. A count of supplies on hand at June 30, 20X1, indicated $145 of supplies remain. k. The company borrowed $8,800 from Second Bancorp on June 1, 20X1, and issued a four-month note. The note bears interest at 6 percent. Required: Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30, 20X1. The company has a June 30 fiscal year-end. Complete this question by entering your answers in the tabs below. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? General Journal An adjusting entry was ma Analyze Saved < After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? Prepaid rent, June 30, 20X1 General Journal Analyze > Prev 55 of 56 ChatGPT Next X Dashboard Help Save & Exit Submit Check my work 1 -

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Adjusting Journal Entries for Sufen Consulting on June 30 20X1 Entry for Beginning Inventory a Accou... View the full answer