Question: please I need it in 5 mins The following partial trial balance is for Ramzy Company for the month of November 2021 Cr Account Title

please I need it in 5 mins

The following partial trial balance is for Ramzy Company for the month of November 2021 Cr Account Title Cash Supplies Equipment Prepaid insurance Rent expense Salaries expense Notes payable Service revenue Unearned service revenue Dividends Advertising expense Dr 48,000 2,000 36,000 6,000 8,000 24,000 18,000 62,000 14,000 3,000 9,000 Required: 1. Prepare adjusting entries for the month of November according to the following details: a. Physical counting of supplies on hand on November, 30 revealed that its balance was $600 b. Equipment is depreciated at 10% rate per year c. Insurance policy is for one year d. 3,000 of unearned service revenue provided during the month of November

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!

pleasee do the requirements Instructions . Read the setup Prepare the appropriate documents. Use the chart of accounts to help you identify the right account. Adjusting the Accounts Below is the...

Please help with the adjustments for the Adjusted Entries and Adjusted Trial Balance 1. Journal entries: Credit No 1 Date Nov.1 Account Title Cash Computer Equipment T.Lambert, Capital $ $ Debit...

please help, i have to do all steps required heres more info on the past trial balances Part III: Dixie Lewis decided to expand her business and begin selling accounting software, as well as...

ACC310- Intermediate Accounting handout sheets Chap 1 to 3 ACC310 - Intermediate Accounting 1 - Fa19 Test #1 - Chap I to 3 - Take-home AC 6) Altoid Co.'s current ratio. Round your answer to two...

Hello m friend We worked together before. Please help me in this quiz ! I will include a study materials to help you answer it Thanks in advance ACCT1040 - Quiz #4 (Spring 2017) - Kathy Faber Version...

help with making a pivot table, a general ledgar and a leder I need help making a pivot table and general leder. in the pictures i have the income statment, change in owners equity, and balance...

Need Help With Part A You are working on the preparation and analysis of the financial statements of Bata Footware Ltd., a privately owned company for the year ended October 31, 2020. Bata is a...

Please Complete Step 8 Closing Entries, Let me know if you need any additional info Please complete Step 8 Closing Entries (last 3 photos) Call Styles Farm -7 X fx 55,000 A Assets Current Assets Cach...

RiverHawk Expeditions provides guided tours in scenic mountainous areas. After the first 11 months of operations in 2021, RiverHawk has the following account balances RIVERHAWK EXPEDITIONS Trial...

List the benefits of data warehouses.

Create a project that interacts with the user, processes files, and generates an output file. 1. Create Java project Week 15FinalProject. This project will include development of the...

Pick a major strategic decision made by your company in recent years and try to think through the ethical implications of that decision. In the light of your review, do you think that the company...

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

C Do you think that shows like CSI have an ethical responsibility to depict forensic science more realistically? Or is it the audiences responsibility to separate entertainment from reality?

A Do you watch shows like CSI, Bones, and Cold Case? How realistic do you think they are? Does popular culture have an impact on how individuals perceive evidence? Would it affect you if you were on...

A Consider what youve learned from your research. Is it more important to be honest and truthful with your audience, to honor the wishes of the condo association board who asked you to speak, or to...