Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 21 Aug 2017 My Price 12.00

Cochran Company

P3-14     Reversing Entries On December 31, 2007 Cochran Company made the following proper year-end adjusting entries:

 

Date

Account Titles

Debit

Credit

Dec. 31

Bad Debts Expense

Allowance for Doubtful Accounts Salaries Expense

Salaries Payable Unearned Rent

Rent Revenue Interest Expense

Interest Payable (due July 1, 2008) Rent Receivable

Rent Revenue Depreciation Expense

Accumulated Depreciation Insurance Expense

Prepaid Insurance

Interest Receivable (due February 1, 2009) Interest Revenue

Office Supplies

Office Supplies Expense Advances to Salespersons

Salaries Expense Income Tax Expense

Income Taxes Payable

530

 

530

 

 

31

940

 

 

 

940

31

1,230

 

 

 

1,230

31

220

 

 

 

220

31

310

 

 

 

310

31

5,100

 

 

 

5,100

31

312

 

 

 

312

31

225

 

 

 

225

31

100

 

 

 

100

31

300

 

 

 

300

31

4,300

 

4,300

 

Required

1.      Prepare journal entries to record whatever reversing entries you think are appropriate.

2.      Explain your reasoning for each reversing entry.

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Aug 2017 03:08 PM My Price 12.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

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