The unadjusted trial balance for Amazon as of December 31, 2022 appears below. Debit Credit Cash $1,700
Question:
The unadjusted trial balance for Amazon as of December 31, 2022 appears below. Debit Credit Cash $1,700 Accounts Receivable 1,300 Prepaid Insurance 1,300 Supplies 2,800 Land 14,000 Office Furniture 6,300 Accounts Payable $1,300 Unearned Revenue 2,100 Note Payable 7,700 Common Stock 4,200 Retained Earnings 10,400 Dividends 1,500 Service Revenues 5,700 Rent Expense 800 Salaries Expense 1,700 - $31,400 $31,400 Additional Information: 1. The office furniture was purchased on January 1, 2022, and is expected to have a nine-year life and no salvage. Depreciation for 2022 has not been recorded. 2. The unearned revenue account was created when the Company was paid services to be rendered. Half of these services were rendered by December 31, 2022. The correct adjusting entry for number "1" above includes an adjusting entry for: Select one: a. Debit Credit Depreciation Expense 700 Cash 700 b. Debit Credit Accumulated Depreciation 700 Depreciation Expense 700 c. Debit Credit Depreciation Expense 700 Accumulated Depreciation 700 d. Debit Credit Office Furniture 6,300 Accumulated Depreciation 6,300 e. Debit Credit Depreciation Expense 6,300 Office Furniture 6,300
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura