The accountant for Rose's Emporium, Inc. prepared the following trial balance at January 31, 2010, 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, 2010, 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, 2010, 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