CJ COLLEGE HEALTHCARE CICOLLEGE. Mr. Mike Silbernagel operates an AT THE CENTER OF YOUR advertising business...
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CJ COLLEGE HEALTHCARE CICOLLEGE. Mr. Mike Silbernagel operates an AT THE CENTER OF YOUR advertising business called A Advertising. He had the following adjustments for the month of March 2019. March 31 Recognized $2,220 rent expense used for the month. An annual magazine subscription with monthly issues was prepaid on March March 31 1, 2019 for $348. By March 31, one issue had been received. March 31 Computers' depreciation for the month is $700. March 31 Salaries for employees accrued by $2,820 by the end of the month. A 30-day contract was started on March 15. The customer will pay $7,020 at March 31 the end of the contract in April. Half of the contract was completed by the end of the month. Accrue the revenue earned by the end of March. Prepare the journal entries for the above transactions. Date Account Title and Explanation 2019 March 31 March 31 March 31 March 31 March 31 To record rent expense for the month To record one month of subscriptions To record depreciation for the month To accrue salaries To accrue revenue earned Debit Credit CJ COLLEGE HEALTHCARE CICOLLEGE. Mr. Mike Silbernagel operates an AT THE CENTER OF YOUR advertising business called A Advertising. He had the following adjustments for the month of March 2019. March 31 Recognized $2,220 rent expense used for the month. An annual magazine subscription with monthly issues was prepaid on March March 31 1, 2019 for $348. By March 31, one issue had been received. March 31 Computers' depreciation for the month is $700. March 31 Salaries for employees accrued by $2,820 by the end of the month. A 30-day contract was started on March 15. The customer will pay $7,020 at March 31 the end of the contract in April. Half of the contract was completed by the end of the month. Accrue the revenue earned by the end of March. Prepare the journal entries for the above transactions. Date Account Title and Explanation 2019 March 31 March 31 March 31 March 31 March 31 To record rent expense for the month To record one month of subscriptions To record depreciation for the month To accrue salaries To accrue revenue earned Debit Credit
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Date Account Titles and Explanation Debit Credit March 31 Insurance ex... View the full answer
Related Book For
University Physics with Modern Physics
ISBN: 978-0321696861
13th edition
Authors: Hugh D. Young, Roger A. Freedman, A. Lewis Ford
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