prepare adjusting entries necessary for july : #1 # 2 # 3 # 4 Cash Accounts Receivable

prepare adjusting entries necessary for july
 

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悲愁悲 悲共: #1 # 2 # 3 # 4 Cash Accounts Receivable Notes Receivable Supplies Office Equipment #5 ABC Company Trial Balance July 31, 2022 A/Depreciation - Office Equipment Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends C Fees Earned Rent Expense Wage Expense Utility Expense $ Debit 6,200 1,500 10,000 800 6,000 $ 29,000 $ 29,000 At month's end, July 31, the following items were noted: (ABC's accounting period = 1 month) The office equipment has a $600 salvage value and a 10 year useful life. The notes receivable was accepted on July 1. It is a 6 month note with interest payable at maturity. Interest. is stated on the note at 12% annual. 500 800 3000 200 Credit 1,000 600 1,200 13,400 6,800 6,000 Wages are paid each Friday. July 31 fell on a Tuesday. Wages are $2,000 per week. (M-F week) $500 of unearned revenues are now earned. At the end of the month there are only $300 of supplies left. 悲愁悲 悲共: #1 # 2 # 3 # 4 Cash Accounts Receivable Notes Receivable Supplies Office Equipment #5 ABC Company Trial Balance July 31, 2022 A/Depreciation - Office Equipment Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends C Fees Earned Rent Expense Wage Expense Utility Expense $ Debit 6,200 1,500 10,000 800 6,000 $ 29,000 $ 29,000 At month's end, July 31, the following items were noted: (ABC's accounting period = 1 month) The office equipment has a $600 salvage value and a 10 year useful life. The notes receivable was accepted on July 1. It is a 6 month note with interest payable at maturity. Interest. is stated on the note at 12% annual. 500 800 3000 200 Credit 1,000 600 1,200 13,400 6,800 6,000 Wages are paid each Friday. July 31 fell on a Tuesday. Wages are $2,000 per week. (M-F week) $500 of unearned revenues are now earned. At the end of the month there are only $300 of supplies left.

Answer rating: 100% (QA)

To prepare the adjusting entries for ABC Company necessary for July we have to make adjustments for each of the items noted at the months end July 31 ... View the full answer