omework SLO $($i$)$

Melp

Same $8$ Exit

Subm

a$.-$b$.$ Merchandise inveritory, before adjustment, has a balance of $$6,500.$ The newly counted inventory balance is $$7,000.$

c$.$ Unearned Seminarfees has a balance of $$5,000,$ representing prepayment by customers for five seminars to be conducted in June. July, and August $20$X$1.$ Two seminars had been conducted by June $30,20$X$1.$

d$.$ Prepaid Insurance has a balance of $$6,000$ for six months' insurance paid in advance on May $1,20$XI$.$

e$.$ Store equipment costing $$19,840$ was purchased on March $31,20$X$1,$ it has a salvage value of $$400$ and a useful ife of six years.

f$.$ Employees have earned $$150$ that has not been paid at June $30,20$X$1.$

g$.$ The employer owes the following taxes on wages not paid at June $30,20$Xt: SUTA, $$4\mathrm{.}50$; FUTA, $$0\mathrm{.}90$; Medicare, $$2\mathrm{.}18$; and social security, $$9\mathrm{.}30,$

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h$.$ Management estimates uncollectible accounts expense at $1$ percent of sales. This year's sales were $$1,000,000$

i$.$ Prepaid Rent has a balance of $$5,100$ for six months' rent paid in advance on March $1,201.$

j$.$ The Supplies account in the general ledger has a balance of $$300.$ A count of supplies on hand at June $30,20$xt$,$ indicated $$100$ of supplies remain.

k$.$ The company borrowed $$10,600$ from Second Bancorp on June $1,20$X$1,$ and issued a four$-$month note. The note bears interest at $6$ percent.

Required:

Based on the information above, record the adjusting journal entries that must be made for Ambriz Distributors on June $30,20$xt$.$ The company has a June $30$ fiscal year$-$end.

Analyze:

After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account?

Complete this question by entering your answers in the tabs below.

Based on the information above, record the adjusting journal entries that must be made for Ambriz Distributors on June $30,20$X$1.$ The company has a June $30$ fiscal year$-$end.

Note: Round your final answers to $2$ decimal places.General

Journal

Analyze

Based on the information above, record the adjusting journal entries that must be made for Ambriz Distributors on June $30,20$X$1.$ The company has a$-$June $30$ fiscal year$-$end.

Note: Round your final answers to $2$ decimal places.

Print

rences

Journal entry worksheet

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Record an adjusting entry for beginning inventory.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$a$.,,,],[,,,],[,,,],[,,,],[,,,]]$

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