Use the following account T-balances (assume normal balances) and correct balance information to make the December 31
Question:
Use the following account T-balances (assume normal balances) and correct balance information to make the December 31 adjusting journal entries.
Transcribed Image Text:
Prepaid insurance Salaries payable Unearned rental revenue T-Account Balance $26,000 $5,500 $8,000 Correct Balance $14,500 $6,200 $1,600
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
To make the December 31 adjusting journal entries we need to look at the differences between the Tac...View the full answer
Answered By
Labindao Antoque
I graduated in 2018 with a Bachelor of Science degree in Psychology from Dalubhasaan ng Lungsod ng San Pablo. I tutored students in classes and out of classes. I use a variety of strategies to tutor students that include: lecture, discussions about the subject matter, problem solving examples using the principles of the subject matter being discussed in class , homework assignments that are directed towards reinforcing what we learn in class , and detailed practice problems help students to master a concept. I also do thorough research on Internet resources or textbooks so that I know what students need to learn in order to master what is being taught in class .
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
The goal of this graded project is to create the following financial statements for J & L Accounting, Inc.: Balance sheet Income statement Statement of retained earnings Post-closing trial...
-
The trial balance of Shawn Merry, CPA, is dated March 31, 2018: During April, the business completed the following transactions: Apr. 4 Collected $2,500 cash from a client on account. 8 Performed tax...
-
The trial balance of John Menning, CPA, is dated March 31, 2018: During April, the business completed the following transactions: Apr. 4 Collected $6,000 cash from a client on account. 8 Performed...
-
Graph the sets of points whose polar coordinates satisfy the equations and inequalitie. = 2/3, r -2
-
Why would an investor want to know the beta coefficient for a particular company? How could this information be used?
-
Describe the significance of nonparentals with regard to the law of independent assortment. In other words, explain how the appearance of nonparentals refutes a linkage hypothesis.
-
Given the Irwin-Hall distribution with pdf, \[f_{Y}(y)=\frac{1}{2(n-1) !} \sum_{k=0}^{n}(-1)^{k}\left(\begin{array}{l}n \\k\end{array} ight)(y-k)^{n-1} \operatorname{sign}(y-k)\] where the sign...
-
Identify the best answer for each of the following: 1. On July 1, 20X5, Lilydale Hospitals board of trustees designated $200,000 for expansion of outpatient facilities. The $200,000 is expected to be...
-
4. Consider the following program: COUNTER(c) 1: xc. 2: y+0. 3: while (20) do 4: 2-2-1. You may assume that c is a non-negative integer. 5: y+y+1. 6: return y. What value does COUNTER(c) return?...
-
From the trial balance of Gabriella Leitz, Attorney-at-Law, given in Figure 2.7, prepare (a) An income statement for the month of January, (b) A statement of owners equity for the month ended January...
-
Use the following account T-balances (assume normal balances) and correct balance information to make the December 31 adjusting journal entries. Unearned fee revenue Supplies Interest payable...
-
If the Supplies account had an ending balance of $1,200 and the actual count for the remaining supplies was $400 at the end of the period, what adjustment would be needed?
-
Explain why the restriction n -1 is necessary in the rule [x" d x" dx = xn+1 n+ 1 + C.
-
Fill in the blank field in this text: Use the [1]_______________ tool if the ceiling grid needs to be at an angle.
-
Changing the name of a level tag (in elevation) causes Revit to rename all the corresponding views (plan, ceiling, etc.) if you answer yes to the prompt. A) True B) False
-
You can add additional light fixture sizes to the family as required. A) True B) False
-
Fill in the blank field in this text: The [1]________________________________________ from the Modify tab (on the Ribbon) allows you to extend one roof element over, and into, another.
-
Fill in the blank field in this text: Pressing the [1]________ key cycles you through the snap options.
-
How do the principles for amortisation of intangible assets differ from those for depreciation of property, plant and equipment?
-
Per Bag Direct materials: 25 pounds of CWhiz-2000 @ $0.08/lb. = $ 2.00 Direct labor: 0.05 hour @ $32.00/hr. = $ 1.60 The company manufactured 100,000 bags of Cheese-Be-Good in December and used...
-
Which of the following is a possible cause of an unfavorable labor rate variance? A. Hiring too many workers B. Hiring higher-quality workers at a higher wage C. Making too many units D. Purchasing...
-
Identify several causes of an unfavorable material quantity.
-
When is the labor rate variance favorable? A. When the actual quantity used is greater than the standard quantity B. When the actual quantity used is less than the standard quantity C. When the...
-
80. Among the following most stable carbocation is (1) CH (2) CH CH3 + (3) (4) CH2=CH-CH2 CH3
-
74. In which of the following compounds lone pair of nitrogen is not involved in resonance? 31 (1) H (4) H 75. Select the molecule in which bonds are conjugated? (1) HC=CH-CH-CH=CH2 HCC-CH (2) H H...
-
77. Arrange following carbocations in decreasing order of stability? (1) a>c>b (3) b>c>a (a) (b) (c) (2) a>b>c (4) c>b>a 78. Compare C-N bond length in the following :- NH: NH NH I II III (1) I> II >...
Study smarter with the SolutionInn App