Question: how would you record this as an adjusting entry 1. Salaries earned by employee not yet paid amounted to $182,500 at June 30, 2022 2.

how would you record this as an adjusting entry

1. Salaries earned by employee not yet paid amounted to $182,500 at June 30, 2022

2. On June 30, 2022 $145,000 of the previously unearned sales revenue had been earned.

3. The aging of the Accounts Receivables schedule at June 30, 2022 indicated that the Allowance for bad debt should be $130,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Gregg's Shipping Supplies Ltd- St Kitts Branch The following additional information is available at June 30,2022 : Store Supplies on hand at June 30,2022 amounted to $355,000. (a) Insurance of...

Q:

Examine the following items and prepare the current liabilities section of the Balance sheet for Annapolis Corporation as of December 31, 2015 The beginning of year accounts payable was $82,000....

Q:

Examine the following items and prepare the current liabilities section of the Balance sheet for Annapolis Corporation as of December 31, 2015 The beginning of year accounts payable was $82,000....

Q:

Requirements: 1. prepare journal entries with transaction no not date 2. reversing entries for applicable items (require date) 3. prepare entries that should be made when the related cash...

Q:

Gregg's Shipping Supplies Ltd- Jamaica Branch Trial Balance as at June 30, 2022 The following additional information is available at June 30, 2022: (i) Store Supplies on hand at June 30, 2022...

Q:

Great Adventures Problem AP5-1 (GL) Tony and Suzie are ready to expand Great Adventures even further in 2022. Tony believes that many groups in the community (for example, Boy Scouts, church groups,...

Q:

how the information is not clear???? At June 30, 2022, the end of its most recent fiscal year, Ayayal Computer Consultants' post-closing trial balance was as follows. Credit Debit $5,760 1.300 720...

Q:

i just need the answers to statement of net position for unrestricted, accounts payable, unearned revenue, and bonds payable just need the numbers for liabilities and the unrestricted section of the...

Q:

what are the answers for numbers 26 and 27because I dont knwo it. would be :` the accountant for the William Company forgot to make an adjusting entry to record revenue earned but not yet billed to...

Q:

what are the answer for number 26 27 28 I dont get how to solve maybe using others I dont knoiw. would be :` the accountant for the William Company forgot to make an adjusting entry to record revenue...

Q:

A ten-year Trackit bond with $1000 face value, and a 6% coupon (with the next semiannual coupon payment exactly 6 months away) trades for $985.20 in the same market? What is the yield-to-maturity of...

Q:

250 college students were surveyed about if they liked the food choices offered by the cafeteria. 140 people said that they did like the choices offered. What percentage of the students like the food...

Q:

Who of the following would be the most inclined to prefer renting to owning a home? Martha, age 6 5 , who has just retired and owns a three - bedroom bungalow. Manfred, age 4 5 , who owns a condo and...

Q:

a=2 b= 0 c= 2 d=0 e=0 f=9 g=3 5. Draw the Network diagram for the following project. Estimate the Earliest start time and Latest finish time for each activity. If every day it cost 200 rials for this...