I Credit One Bank I I [187)Jphn Fogertyat l Ubeny UniversityaR l u Blank page m Project X n MyQuestions|Tuton 6 9 O ‘ eztomheducationmom/l’lm,tpx m if ‘ Apr. 29 The company purchased $500 ofadditional othce supplies on credit. 2 Bible104atLibertyu l G BIBLr104Quiz‘l Flash ‘ -l- — x Apr. 30 The company paid $435 cash for this month's utility bill. Descriptions of items that require adjusting entries on April 30, 2015, follow. a) On April 2, the company prepaid $9,000 cash for twelve months' rent for omce space. b) The balance in Prepaid insurance represents the premium paid for a nemonth insurance policy; the policy's couerage began on April 1.
c) Office supplies on hand as aFApr'lI 30 total $1,200. d) Straighteline depreciation of office equipment, based on a seyear life and a 54,000 salvage value, is $500 per month. e) The company has completed work for a client, but has not yet billed the $1,800 fee. f) Wages due to employees, but not yet paid, as of April 30 total $2,600. Requirement fifgfnf,‘ 6,3333: Tnal perenee Egg", Stngntfnigjd aeienee Sheet “11:30:; 2" Use the 375tep adjusting entry process to prepare the adjusting entry necessary to correctly repurt the revenue
earned or the expense incurred: Step 1: Determine what the current account balance equals (See General Ledger tab)
Step 2: Determine what the current account balance should equal. Step 3: Prepare an adjusting entry to get from Step 1 to
Step 2. Show IasA View transaction list Viewicurnal entry worksheet
N 0 Dale Account Tltle Dehll Credlt
/‘ 1 Apr 30 No Transaction Recorded ( Requirement General Ledger )

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Status NEW Posted 11 Jul 2017 05:07 AM My Price 15.00

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