Please Journalize the transactions listed below: Accrual Transactions: Senior Choice Personal Care Home performed caregiver services worth
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Question:
Please Journalize the transactions listed below:
Accrual Transactions:
Senior Choice Personal Care Home performed caregiver services worth $10,000 that were not recorded.
On March 16, the company borrowed $35,000 from Navy Federal Credit Union on a 1 year note payable. The annual interest rate is 10%. Interest will be paid with note at maturity.
Deferrals transaction:
Supplies on Hand on March 31st total $1500 (Supplies on March 1st $3600).
Insurance Policy initiated on March 1st is for $5000. On Apr 1st, Record the necessary deferral.
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
Posted Date: