The ledger of Jahnke , Inc. on March 31, 2020, includes the following selected accounts before adjusting
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The ledger of Jahnke, Inc. on March 31, 2020, includes the following selected accounts before adjusting entries.
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The ledger of Jahnke, Inc. on March 31, 2020, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance 2,400 Supplies 2,500 Equipment 30,000 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $300 per month. 2. Supplies on hand total $1,100. 3. The equipment depreciates $480 per month. 4. During March, salaries earned by employees of $1,000 have not been recorded. Prepare the adjusting entries for the month of March. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit Mar. 1. 31 (To record insurance expired) Mar. 2. 31 (To record supplies used) Mar. 3. 31 (To record monthly depreciation) Mar. 4. 31 (To record wages earned but not yet paid) The ledger of Jahnke, Inc. on March 31, 2020, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance 2,400 Supplies 2,500 Equipment 30,000 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $300 per month. 2. Supplies on hand total $1,100. 3. The equipment depreciates $480 per month. 4. During March, salaries earned by employees of $1,000 have not been recorded. Prepare the adjusting entries for the month of March. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit Mar. 1. 31 (To record insurance expired) Mar. 2. 31 (To record supplies used) Mar. 3. 31 (To record monthly depreciation) Mar. 4. 31 (To record wages earned but not yet paid)
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No Date Accounts title and explanation Debit Credit 1 ... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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