1. On December 15, we performed a $5,000 service for a client and immediately received $5,000 in...
Question:
2. Our employees worked the last two weeks of December. They will be paid in January. What account will we debit when we record the adjusting entry for December 31 in the general journal?
3. As of December 31, we had accrued wages of $6,000. What account will we credit when we record this adjusting entry in the general journal?
4. Our employees worked the last two weeks of December. They will be paid in January. What account would we credit when we record the adjusting entry for December 31 in the general journal?
5. The balance in our office supply account as of September 1 was $7,700. On September 30, our available supplies were $2,000. What account and amount will we debit when we record this adjusting entry in the general journal?
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian Edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann