The trial balance of Denise Arami Design at May 31, 2014, appears on the next page. Additional
Question:
Additional data at May 31, 2014:
a. Amortization for the period, which needs to be recorded: furniture, $480; building, $660.
b. Accrued salary expense, $1,200.
c. A count of supplies showed that unused supplies amounted to $420.
d. During May, $1,390 of prepaid insurance coverage was used.
e. Loan interest expense of $220 was incurred but is not yet paid.
f. Of the $8,800 balance of Unearned Design Services Revenue, $4,000 was earned during May.
g. Advertising expense of $2,060 was incurred but is not yet recorded. h. Earned interest revenue in the amount of $150, which had not yet been received.
Required
Complete Denise Arami Design's work sheet for May 2014. Identify each adjusting entry by its letter.
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Related Book For
Accounting Volume 1
ISBN: 978-0132690096
9th Canadian edition
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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