From the adjustments columns in Exercise 5-9A, journalize the four adjusting entries, as of December 31, in
Question:
From the adjustments columns in Exercise 5-9A, journalize the four adjusting entries, as of December 31, in proper general journal format.
Exercise 5-9A
Transcribed Image Text:
Jim Jacobs Furniture Repair Work Sheet (Partial) For Year Ended December 31, 20-- TRIAL BALANCE ADJUSTMENTS ADIUSTED TRIAL BALANCE ACCOUNT TITLE CREDIT CREDIT DEBIT CREDIT DEBIT DEBIT 10 0 00 10 0 00 Cash 2 Supplies 3 Prepaid Insurance 4 Delivery Equipment 5 Accum. Depr.-Delivery Equipment 6 Wages Payable Jim Jacobs, Capital 8 Repair Fees 9 Wages Expense 10 Advertising Expense 11 Supplies Expense 12 Insurance Expense 13 Depr. Expense-Delivery Equipment 8 5 0 00 20 0 00 30 0 00 3 60 0 00 9 0 0 00 36 0 0 00 60 0 00 8 0 0 00 5 10 0 00 6 40 0 0 00 7 16 5 0 00 4 00 0 00 1 6 5 0 00 70 0 00 200 00 6 5 0 00 6 0 0 00 20 0 00 6 5 50 00 6 0 0 00 20 0 00 10 11 12 13 6 2 5 0 00 6 25 0 00 6 55 0 00 14 14
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (12 reviews)
DATE 20 Dec Supplies DESCRIPTION 31 Supplies Expense Adjustin...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
The items that follow are from the Adjustments columns of a work sheet dated June 30, 2014. 1. Prepare the adjusting entries. 2. Where required, prepare appropriate reversingentries. Adjustments...
-
From the Adjustments columns in Exercise 5-9B, journalize the four adjusting entries as of June 30, in proper general journal format. Exercise 5-9B Jasmine Kah's Auto Detailing Work Sheet (Partial)...
-
An air parcel starting at the surface (0 km) is lifted up a 3 km high mountain over to the surface (0 km) on the other side. The initial temperature is 20C and initially e is 6 mb. How does the...
-
How does the professional standard (doctors, pilots, surgeons) fit into negligence claims in torts? Does it give them more protection against claims?
-
The trial balance of Amusement Specialties Inc. follows: Sue Sibalius, your best friend, is considering investing in Amusement Specialties Inc. She seeks your advice in interpreting this information....
-
Galliger Corp.s adjusted trial balance at December 31, 2023, included the following: The perpetual inventory system is used and the income tax rate is 30%. What is Galliger Corp.s after-tax income...
-
Construct a bar graph for each of the following (assume the independent variable is group and the dependent variable is time): a. Group \(\mathrm{A}(N=5, M=4.00, s=1.58)\); Group B \((N=5, M=6.00,...
-
The astronaut orbiting the Earth in Figure P4.32 is preparing to dock with a Westar VI satellite. The satellite is in a circular orbit 600 km above the Earths surface, where the free-fall...
-
How can one efficaciously strategize temporal allocation amidst the multifaceted demands of modern life ? Explain
-
Find the values of (a) z0.10, (b) z0.05, (c) z0.0485, and (d) z0.9656.
-
A partial work sheet for Jim Jacobs' Furniture Repair is shown as follows. Indicate by letters (a) through (d) the four adjustments in the Adjustments columns of the work sheet, properly matching...
-
Indicate with an "X" whether each account total should be extended to the Income Statement Debit or Credit or to the Balance Sheet Debit or Credit columns on the worksheet. Income Statement Debit...
-
The accountant for Coulombe Company is almost finished preparing the work sheet for the year ended July 31, 2024. The totals of the accounts in the income statement and balance sheet columns are...
-
Ron Polonsky is a seventy-one-year-old retired distribution manager. He and his wife Sandra live in Lincoln, Nebraska. Sandra is fifty-seven and is employed as a high-school science teacher. She has...
-
In 2021, you are self-employed and have a self-only health insurance policy with an annual deductible of $2,400 and a limit on out-of-pocket expenses of $4,800. You had set up an MSA in 2006 and have...
-
Suppose a stock is at $23. Interest rates are at 9%. The stock pays a dividend at a known constant rate of 3.5 percent. What stock price should we use in the Black-Scholes-Merton model for a call...
-
Analyze the role of strategic foresight in leadership, and discuss how leaders can anticipate and capitalize on emerging trends and disruptions to drive sustainable growth and competitive advantage.?
-
How does transformational leadership differ from transactional leadership, and what are the implications of each style in fostering organizational innovation and adaptation ?
-
A negotiable instrument can be transferred only by negotiation. (True/False)
-
Find the reduced echelon form of each of the matrices given in Problems 120. c 1 26 + 4
-
In Section 8.4 we studied the case of a government-mandated ban on the sale of low quality cars. Review the basic assumptions of the Akerlof model, assume that car quality Xi is distributed uniformly...
-
On January 1, 201X, Lemming Corporation sold $500,000 of 12%, 10-year bonds at 94. Interest is to be paid on June 30 and December 31. The straight-line method of amortizing the discount is used....
-
On May 1, 201X, Lester Corporation issued $400,000 of 24%, 20-year bonds at 109. The interest is payable on November 1 and May 1. The premium is amortized by the straight-line method. Prepare an...
-
On January 1, 201X, Acorn Corporation issued $600,000 of 10%, 20-year bonds for $509,580, yielding a market rate of 12%. Interest is paid on July 1 and December 31. Acorn uses the interest method to...
-
When a RACI matrix is being created, what person or group of people are assign an R for responsible?
-
a) What is arbitrage? And what are the different types of arbitrage? B) Can arbitrage strategies be risky when price convergence is not guaranteed? Clearly describe and outline 1 real-life example to...
-
Explain each segments of Financial Services Industry which are the BANKS, INSURANCE, AND ASSET MANAGEMENT . Explain each. Explain the updates on the 3 segments of Financial Services Industry (banks,...
Study smarter with the SolutionInn App