Make balance day adjustments for prepayments and accruals using the general journal. Record the following balance...
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Make balance day adjustments for prepayments and accruals using the general journal. Record the following balance day adjustment on 30th Jun 2011 using cheque.myo data file: a. Advertising Expense includes $50, which relates to an advertising campaign in the next month b. Business paid Insurance premium $1,000 on 1st Jun 2011 for the year till 31st May 2012. Record depreciation for Office equipment - straight line at 10% p.a. d. Telephone Expenses - $200 accrued. The next invoice will be received at the end of July Services appliances includes $600, which is a client's deposit to secure appliances service in July. Note: create new head of accounts in the chart of account if required. Make balance day adjustments for prepayments and accruals using the general journal. Record the following balance day adjustment on 30th Jun 2011 using cheque.myo data file: a. Advertising Expense includes $50, which relates to an advertising campaign in the next month b. Business paid Insurance premium $1,000 on 1st Jun 2011 for the year till 31st May 2012. Record depreciation for Office equipment - straight line at 10% p.a. d. Telephone Expenses - $200 accrued. The next invoice will be received at the end of July Services appliances includes $600, which is a client's deposit to secure appliances service in July. Note: create new head of accounts in the chart of account if required.
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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