Read the description of following adjustments that are required at the end of the accounting period...
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Read the description of following adjustments that are required at the end of the accounting period for Anise's Repair Services. Record the necessary journal entries required at the end of January. A Prepaid rent for the year on January 1, 2019. Rent expired during the month of January 2019, $1,600. B. Purchased supplies for $4,000 on January 1, 2019. Inventory of supplies was $1,200 on January 31, 2019. C. Depreciation is computed using the straight-line method. Equipment purchased on January 1, 2019, for $3,000 has an estimated useful life of 5 years with no salvage value. D. Signed a 3-month contract for $450 of prepaid advertising on January 1, 2019. Journal entry worksheet < 1 2 Transaction A 3 Prepaid rent for the year on January 1, 2019. Rent expired during the month of January 2019, $1,600. Note: Enter debits before credits. Record entry 4 General Journal + Clear entry Debit Credit View general journal Journal entry worksheet < 1 N Transaction B 3 Purchased supplies for $4,000 on January 1, 2019. Inventory of supplies was $1,200 on January 30, 2019. Note: Enter debits before credits. Record entry 4 General Journal Clear entry Debit Credit View general journal > < 1 2 Depreciation is computed using the straight-line method. Equipment purchased on January 1, 2019, for $3,000 has an estimated useful life of 5 years with no salvage value. Note: Enter debits before credits. Transaction C 4 Record entry General Journal Clear entry Debit Credit View general journal > Journal entry worksheet < 1 2 Signed a 3-month contract for $450 of prepaid advertising on January 1, 2019. Transaction D 3 Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal Read the description of following adjustments that are required at the end of the accounting period for Anise's Repair Services. Record the necessary journal entries required at the end of January. A Prepaid rent for the year on January 1, 2019. Rent expired during the month of January 2019, $1,600. B. Purchased supplies for $4,000 on January 1, 2019. Inventory of supplies was $1,200 on January 31, 2019. C. Depreciation is computed using the straight-line method. Equipment purchased on January 1, 2019, for $3,000 has an estimated useful life of 5 years with no salvage value. D. Signed a 3-month contract for $450 of prepaid advertising on January 1, 2019. Journal entry worksheet < 1 2 Transaction A 3 Prepaid rent for the year on January 1, 2019. Rent expired during the month of January 2019, $1,600. Note: Enter debits before credits. Record entry 4 General Journal + Clear entry Debit Credit View general journal Journal entry worksheet < 1 N Transaction B 3 Purchased supplies for $4,000 on January 1, 2019. Inventory of supplies was $1,200 on January 30, 2019. Note: Enter debits before credits. Record entry 4 General Journal Clear entry Debit Credit View general journal > < 1 2 Depreciation is computed using the straight-line method. Equipment purchased on January 1, 2019, for $3,000 has an estimated useful life of 5 years with no salvage value. Note: Enter debits before credits. Transaction C 4 Record entry General Journal Clear entry Debit Credit View general journal > Journal entry worksheet < 1 2 Signed a 3-month contract for $450 of prepaid advertising on January 1, 2019. Transaction D 3 Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal
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