(Adjusting entries) On 4/1/2021, Coyote Company signed a lease contract for building for 48 months &...
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(Adjusting entries) On 4/1/2021, Coyote Company signed a lease contract for building for 48 months & paid $36,000 for one year from 4/1/2021 through 3/31/2022. Instructions: 1. Prepare any necessary journal entries for Coyote Company on a. 4/1/2021 and b. 12/31/2021. 2. Prepare any necessary journal entries for the landlord on a. 4/1/2021 and b. 12/31/2021. P-3. Coyote Company did not pay its employees for their services performed in December 2021. Therefore, the labor cost of $20,000 was accrued. Instructions: prepare any necessary journal entries for the above transaction for Coyote on 12/31/2021 (Adjusting entries) On 4/1/2021, Coyote Company signed a lease contract for building for 48 months & paid $36,000 for one year from 4/1/2021 through 3/31/2022. Instructions: 1. Prepare any necessary journal entries for Coyote Company on a. 4/1/2021 and b. 12/31/2021. 2. Prepare any necessary journal entries for the landlord on a. 4/1/2021 and b. 12/31/2021. P-3. Coyote Company did not pay its employees for their services performed in December 2021. Therefore, the labor cost of $20,000 was accrued. Instructions: prepare any necessary journal entries for the above transaction for Coyote on 12/31/2021
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Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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