Maurice Tutor

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$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 407 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 28 Sep 2017 My Price 7.00

Unearned Commissions account

The following data are taken from an unadjusted trial balance at December 31, 2016:

 

Additional Information:

a. The prepaid rent consisted of a payment for three months’ rent at $200 per month for December 2016, January 2017, and February 2017.

b. Office supplies on hand at December 31, 2016 amounted to $300.

c. The estimated income taxes for 2016 are $5,000.

d. All but $500 in the Unearned Commissions account has been earned in 2016.3

e. Salaries for the last three days of December amounting to $300 have not yet been recorded.

Required:

1. Prepare all necessary adjusting entries in general journal format at

December 31, 2016. General ledger account numbers are not necessary.

2. Calculate the cumulative financial impact on assets, liabilities, shareholders’ equity, revenue and expense if these adjusting entries are not made.

Answers

Maurice Tutor
(5)
Status NEW Posted 28 Sep 2017 03:09 PM My Price 7.00

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