The accountant for Rose's Emporium, Inc. prepared the following trial balance at January 31, of the current year, after one month of operations:
Additional information items:
a) Consulting services rendered to a client in January, not yet billed or recorded, $2,400.
b) Portion of insurance expiring in January, $300.
c) Income taxes expense for January of $2,500.
d) The office equipment has a life of 5 years.
Instructions. Prepare adjusting entries for a through d.

Question

The accountant for Rose's Emporium, Inc. prepared the following trial balance at January 31, of the current year, after one month of operations:
  Additional information items:
a) Consulting services rendered to a client in January, not yet billed or recorded, $2,400.
b) Portion of insurance expiring in January, $300.
c) Income taxes expense for January of $2,500.
d) The office equipment has a life of 5 years.
Instructions. Prepare adjusting entries for a through d.

Quizplus · Accepted Answer

The Answer of The accountant for Rose's Emporium, Inc. prepared the following trial balance at January 31, of the current year, after one month of operations:
  Additional information items:
a) Consulting services rendered to a client in January, not yet billed or recorded, $2,400.
b) Portion of insurance expiring in January, $300.
c) Income taxes expense for January of $2,500.
d) The office equipment has a life of 5 years.
Instructions. Prepare adjusting entries for a through d.

The Accountant for Rose's Emporium, Inc