At the end of the annual accounting period,the adjusting entries for the following three items have not been made.You are to provide the 20B adjusting entry for each item.
A.Unpaid wages for the last two days of December,20B amounting to $3,200 have not been recorded (disregard payroll taxes).
B.On December 1,20B rent revenue of $600 was collected for December and January.(Rent revenue was credited for a total of $600).
C.A $4,000,six-month,10% interest-bearing note payable was singed on October 1,20B.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q91: Mild Company borrowed $5,000 on an 8%
Q102: The following data is available for Toys
Q104: Cathy Company reported the following summary amounts
Q105: Warner Company borrowed $38,000 on a 12%
Q105: The following data were provided by the
Q106: The following is a partial list of
Q107: Company P had pretax profit of $30,000
Q108: What are "Future Income taxes"? Where specifically
Q109: In 2012,The W D Company reported the
Q111: Use the following financial statement information:
1.Calculate the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents