Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you help me with these incorrect fields please ACC 111 Project 1B The adjustment data as of September 30, 2016, the end of the

Can you help me with these incorrect fields please

image text in transcribedimage text in transcribed
ACC 111 Project 1B The adjustment data as of September 30, 2016, the end of the fiscal year, for Diaz Company were as a. Merchandise Inventory taken on September 30 was $65,200. b. The depreciation on the Delivery Truck for the month amounted to $720. C. The depreciation on the Forklift for the month amounted to $850. d. A physical count shows that Office Supplies used totaled $1,500. e. Insurance on hand at the end of September was $1,500. f. Accrued salaries on September 30 amounted to $1,980. g. Unearned Sales Revenue earned at the end of September was $12,900. h. Accrued interest on notes receivable, $400. i. Accrued interest on notes payable, $170. j. Unexpired office rent amounted to $6,170. Your answer is partially correct. Try again. Prepare the Adjusting Journal Entries in the General Journal. (Credit account titles are automatically account titles and enter 0 for the amounts. Do not use dollar signs ($) when entering amounts. Date Account Titles Debit Credit a. Sept. 30 X Merchandise Inventory, beginning 65200 x Cash X 65200 b 30 Depreciation Expense, Delivery Truck V 720 Accumulated Depreciation, Delivery Truck V 720 C. 30 Depreciation Expense, Forklift 850 Accumulated Depreciation, Forklift 850 30 Office Supplies Expense 150030 Office Supplies Expense 1500 Office Supplies 1500 30 X X Prepaid Insurance 1500 x X Insurance Expense 1500 V M 30 Salaries Expense 1980 Salaries Payable 1980 V 30 Unearned Sales Revenue 12900 Sales Revenue 12900 30 Interest Receivable 400 V Interest Revenue 400 30 Interest Expense 170 Interest Payable V 170 30 x Prepaid Office Rent 6170 x Office Rent Expense X 6170 Before moving onto the next section, please do the following (for screen help, click on the hyperlinks 1. Scroll to the end of the page and click on the "Save for Later" button to save your work. 2. When you are ready to begin the next section, you can reference the work that you have completed a new window to help you complete the next section. Complete these stens Do not click n the "Submit Answers" butto

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

11th Edition

111856667X, 978-1118566671

More Books

Students also viewed these Accounting questions

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago