Question: Using the following data, prepare adjusting entries for the month ended August 31. a. Insurance expired August, $500 b. A count of supplies on August

Using the following data, prepare adjusting entries for the month ended August 31.

a. Insurance expired August, $500

b. A count of supplies on August 31 indicated $1400 on hand

c. Depreciation on the computer for August is $250

d. Interest of $90 is accrued on the note payable.

e. $3,000 of the unearned revenue has been earned.

What are the adjusting entries? If the account already on the General Ledger do I input it on that account or do I create another?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Please answe the question below without taking the answer from an old question posted in chegg, and fill out the table. if ($121900) would help. ACCT 201 Case Spring 2020 Page 9 Using the following...

Q:

I need an adjusted trial balance (page 10) given the data from the journal on page 9 of the Acct 201 comprehensive case 2017. ACCT 201 Case Spring 2017 Page 9 4 using the following data, prepare...

Q:

Question 4 and its answer is already shown, please answer Question 6 step by step clearly. the unadjusted trial balance is below ACCT 201 Case Spring 2020 Page 9 Using the following data, prepare...

Q:

Question 4, Question 4's answer, and the unadjusted trial balance are below. Please answer Question 6 below. Question 4: Answer for Question 4: Unadjusted trial balance: Question 6: ACCT 201 Case...

Q:

please show adjusting entry journal work Using the following data, prepare adjusting entries for the month ended August 31. Audio Insurance expired during August, $500. A count of supplies on August...

Q:

need help preparimg adjustkng entries Using the following data, prepare adjusting entries for the month ended August 31. d. Insurance expired during August, $500. A count of supplies on August 31...

Q:

need help with ACCT 201 Case. Spring 2020. ACCT 201 Case Spring 2020 Page 9 Using the following date, prepare adjusting entries for the month ended August 31. d. Insurance expired during August,...

Q:

Using the following data, prepare adjusting entries for the month ended August 31. a. Insurance expired during August, $500. b. A count of supplies on August 31 indicated $1, 400 on hand. c....

Q:

Using the following data, prepare adjusting entries for the month ended August 31. Insurance expired during August. $500 A count of supplies on August 31 indicated $1, 400 on hand Depreciation on the...

Q:

ACCT 201 Case Spring 2018 Page 9 4. Using the following date, prepare edjusting entries for the month ended August 31. Insurance expired during August, $500. A count of supplies on August 31...

Q:

The Ford Motor Company wants to decide if the company should provide a $1,000 incentive to purchasers of the Ford Fusion. Here are some details for the base case: Year 1 price: $28,000 Year 1 cost:...

Q:

For the circuit shown in Figure, L = 0.1 H and C = 10-6 F. Investigate the effect of the resistance R on the bandwidth, resonant frequency, and resonant peak over the range 100 R v 1000 . 1.

Q:

If you were the CEO of Nike, what would you do next in this situation? If you were the president of the University of Oregon, what would you do next?

Q:

Forthe following questions A minimum of 5 references are required, a title page and a reference page. The paper should be between 5 to 7 pages in length and there should be figures and charts. Now...

Q:

1. Identify three approaches to culture.

Q:

2. Define communication.

Q:

4. Describe how cultural values influence communication.