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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
preparation of reversing Entries
SE8. Below, indicated by letters, are the adjusting entries at the end of March.
Â
|
Account name |
Debit |
 |
Credit |
|
Prepaid Insurance |
 |
 |
(a)Â Â Â 180 |
|
Accumulated Depreciation—Office Equipment |
 |
 |
(b)1,050 |
|
Salaries Expense |
(c)Â Â Â 360 |
 |
 |
|
Insurance Expense |
(a)Â Â Â 180 |
 |
 |
|
Depreciation Expense—Office Equipment |
(b)1,050 |
 |
 |
|
Salaries Payable |
 |
 |
(c)Â Â Â 360 |
|
 |
1,590 |
 |
1,590 |
Prepare the required reversing entry or entries.
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