Question

The following selected accounts were taken from the general ledger of the Cone Corporation on September 30 before adjusting entries have been made. Cone makes adjusting entries quarterly.
Additional Information:
1. Rent expires at a rate of $900 per month.
2. Supplies on hand total $2,000.
3. Utilities incurred in September but not yet recorded or paid are $500.
4. The building depreciates at a rate of $2,700 per quarter.
5. $5,000 of the $8,500 unearned revenue has been earned during the quarter.
6. Interest of $250 on the notes receivable has been earned but not yet recorded.
Required
Prepare the necessary adjusting journal entries at September 30.


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  • CreatedJuly 16, 2015
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