1. There is unpaid rent of $1,500 at the end of the month of March. Prepare an...
Question:
1. There is unpaid rent of $1,500 at the end of the month of March. Prepare an adjusting entry by entering the missing word.Debit Rent Expense Account. $1,500Credit Rent (Name1) Account. $ 1,500(Accrual for unpaid rent for March)
Q.2, There is unpaid salaries at the end of month/March. Complete the journal entry by entering the missing word.Debit Salaries (Name1) Account $800Credit Salaries Payable Account. $800(To record accrued salaries)
Q,3, Revenue for services performed in March but not vet billed or recorded as at March 31 totaled $1,100.Debit Accounts (Name1) $1,100Credit Service Revenue Account $1,100(To record unbilled services)
Q, 4, The following question relate to the Trial Balance excerpt shown below:Trial Balance as at March 31, XXXX,
Debit. Credit Prepaid Insurance 1,200Supplies.
2,800Unearned Revenue.
9,300If a one year insurance policy of $1,200 was purchased on March 1, XXXX,prepare the adjusting journal entry as at March 31, XXXXDebit Insurance (Note1) Account $100Credit Prepaid Insurance Account. $100(To record insurance for the month of March)
Q,5, The following question relate to the Trial Balance excerpt shown below:Trial Balance as at March 31, XXXX,
Debit. Credit
Prepaid Insurance.
1,200 Supplies.
2,800Unearned Revenue. 9,300
supplies on hand at March 31. XXXX. amount to $800.Debit Supplies (Note1) Account $ 2,000 Credit Supplies Account. $2,000
Prepare journal entries.
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina