On December 31, 2019, Kellams Company made the following adjusting entries for its annual accounting period: Required:
Question:
On December 31, 2019, Kellams Company made the following adjusting entries for its annual accounting period:
Required:
Prepare whatever reversing entries are appropriate.
Transcribed Image Text:
Depreciation Expense Accumulated Depreciation To record depreciation on buildings. 2,400 2,400 Interest Receivable 500 500 Interest Revenue To record interest on note receivable due January 28, 2020. Rent Expense Prepaid Rent To record expired prepaid rent. 400 400 Interest Expense Interest Payable To record interest on note payable due March 16, 2020. 620 620
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Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1337788281
3rd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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