1. Record the transactions in Question 4.7 and the adjusting entries in Question 4.11 in the three...
Question:
1. Record the transactions in Question 4.7 and the adjusting entries in Question 4.11 in the three primary accounts of Deep Di.
2. Then balance all three accounts.
Data from Question 4.7.
These source documents were written out during August by the accountant of Deep Di, a business engaged in dying materials and leather.
Data from Question 4.11
Using the information in Question 4.7, record these adjusting entries at month-end.
Adjusting entries
1. Depreciate machinery by R100.
2. Depreciate vehicles by R200.
3. Stationery unused is worth R120.
4. Materials unused are worth R210.
5. Expenses still owing for electricity and water total R160.
Step by Step Answer:
Fundamental Accounting
ISBN: 9781485112112
7th Edition
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit