Prepare adjusting entries for the following: j . Of the rent that was paid in transaction e
Question:
Prepare adjusting entries for the following:
j Of the rent that was paid in transaction e above, $ applies to All of the rent that was prepaid at the beginning of has expired.
k At the end of the year, FF had delivered $ of red and green Christmas fudge which had not been billed or recorded yet. Isnt green food supposed to be healthy?
l $ of the cash received in transaction d had not been earned by December It was for fudge that FF will produce in
m FF completed and delivered fudge for which they had been paid in
n Interest should be accrued on the note in transaction g The note was issued on May and bears an annual interest rate of
o Salaries of $ were owed to employees at yearend earned by employees but not paid
p The balance in prepaid insurance at the beginning of the year has completely expired by the end of In addition, the premium payment made in transaction c was made on August and covers months. As a result, part of that payment has also expired. Your adjusting entry should record the expiration of the prior year prepaid insurance as well as the amount of the current year premium that has expired.
q Supplies that cost $ were left on hand at yearend.
r Depreciation on all the equipment is $ for the year.
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella