The following are general ledger accounts extracted from the records of Bernard Inc. at December 31, 2016,
Question:
Required: Prepare in general journal format the adjusting entries that were posted. Include general ledger account and plausible descriptions.
Prepaid Advertizirn UB 1,000 160 Accounts Payable 210 Share Capital 500 320 UB 15,000 UB 8,000 200 100 Subscription Revenue 480 Unused Supplies UB 173 400 5,000 750 800 610 Advertizing Expensee 500 Salaries Payable 226 700 183 Equipment UB 21,750 Unearned Subscription Revenue 250 Commissions Expense 615 800 Acc. Dep'n - Equip 5,000 UB 10,000 UB 1,500 250 Dep'n ExpenseEqip 623 250 Maintenance Expense 641 200 656 Salaries Expense UB 9,500 700 nse 688 UB 2,500 400 Telephone Expense 100 669 Utilities Expense 676 400
Step by Step Answer:
Date 2016 Description F Debit Credit a Dec31 Advertizing Expense Prepaid Advertizin...View the full answer
Accounting Introduction To Financial Accounting
ISBN: 9781517089719
1st Edition
Authors: Henry Dauderis, David Annand
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