Maurice Tutor

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About Maurice Tutor

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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: 408 Weeks Ago, 4 Days Ago
Questions Answered: 66690
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Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 07 Oct 2017 My Price 6.00

MedQuest Pharmacy, Inc.

Adjusting Entries

The information presented below is for MedQuest Pharmacy, Inc.

a. Salaries for the period December 26, 2009, through December 31, 2009, amounted to $17,840 and have not been recorded or paid. (Ignore payroll taxes.)

b. Interest of $5,225 is payable for three months on an 11%, $190,000 loan and has not been recorded.

c. Rent of $36,000 was paid for six months in advance on December 1 and debited to Prepaid Rent.

d. Rent of $76,000 was credited to an unearned revenue account when received. Of this amount, $42,100 is still unearned at year-end.

e. The expired portion of an insurance policy is $2,400. Prepaid Insurance was originally debited.

f. Interest revenue of $400 from a $4,000 note has been earned but not collected or recorded.

Required:

Prepare the adjusting entries that should be made on December 31, 2009. (Omit explanations.)

 

Answers

Maurice Tutor
(5)
Status NEW Posted 07 Oct 2017 11:10 PM My Price 6.00

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